15. Lapse of licence, etc.

Where a licensee is not an individual, a licence for a licensable SRH lapses on the date the licensee ceases to exist, unless the licence had expired or was earlier revoked under section 30(1).

Where a licensee who is an individual dies, the licensable SRH continues to be licensed under this Act for the remaining term of the licence unless the licence —

Where a licensee (who is an individual) dies, every key appointment holder of the deceased licensee must ensure that within 21 days after the licensee’s death, the Director‑General is notified of the death.

If the Director‑General is not notified of the licensee’s death within 21 days after the death (whether or not by a key appointment holder of the deceased licensee), the licence lapses and the licensable SRH ceases to be licensed under this Act upon the expiry of that period.

If the Director‑General is notified of the licensee’s death within 21 days after the death (whether or not by a key appointment holder of the deceased licensee under subsection (3)), the Director‑General may, after considering the prescribed matters in section 8(2) and any other matters that may be prescribed, either by way of endorsement on the licence or otherwise in writing, transfer the licence to a suitable person, and upon such transfer, that person becomes the licensee of the licensable SRH for the remaining term of the licence.

If the licence is not transferred in accordance with subsection (5) within 3 months after the licensee’s death, the Director‑General may revoke the licence and upon the revocation, the licensable SRH ceases to be licensed under this Act.

The revocation of the licence under subsection (6) must be published in the Gazette.

This section does not affect or diminish any right of any person who is beneficially entitled under a will or by intestate succession to receive any benefits in respect of the licensable SRH to which the licence relates.