(1) If an application for renewal is made under section 49, the applicant's practicing certificate is taken to continue in force from the day it would, apart from this section, have expired until—
(a) if the Council decides to renew the practicing certificate, the day the renewal is issued to the applicant under section 52;
(b) if the Council decides to refuse to renew the practicing certificate, the day the notice of the decision to refuse the application for renewal is given to the applicant under section 52; or
(c) if the application is taken to have been withdrawn under section 51(3), the day it is taken to have been withdrawn.
(2) Subsection (1) shall not apply if the practicing certificate has been suspended in accordance with the provisions of this Act.