(1) A licensee may make an application to the Board for the amendment of a licence.
(2) An application for the amendment of a licence under subsection (1) must satisfy the prescribed requirements and —
(a) be in the prescribed form;
(b) outline the proposed amendment;
(c) be accompanied by —
(i) the prescribed information relevant to the proposed amendment under paragraph (b),
(ii) a copy of the licence,
(iii) the prescribed non-refundable application for amendment of a licence fee.
(3) Notwithstanding subsection (1), the Board may, by giving written notice to the licensee, amend a licence to —
(a) extend the period of validity of the licence;
(b) vary, remove or impose conditions;
(c) modify or reduce the activities authorized by the licence.
(4) A variation of a licence takes effect on the date specified in the notice under subsection (3).