Section 46 of the Liquor Act 2007 (NSW) is concerned with Duration of Liquor Licences and is set out below.
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46 Duration of licences
(1) Except during any period of suspension, a licence continues to be in force until such time as it is surrendered to the Authority, cancelled or otherwise ceases to be in force or, in the case of a licence that is granted for a specified term, when that term expires.
(2) A licence may be surrendered only in accordance with such arrangements as may be approved by the Authority.