(1) This section shall be read together with and deemed part of the Bylaws Act 1910.
(2) A local authority may, in any case in which it is empowered to make bylaws relating to the issue of licences, provide in any bylaw that the licences shall expire on a date specified in the bylaw, and no licence issued thereunder shall be invalid by reason that it is issued for a period less than one year.
(3) In any case where an annual fee in excess of 50 cents payable to a local authority in respect of a licence issued by or under the authority of a bylaw, that fee shall, where the licence is issued for a period of less than one year, be reduced by one-twelfth thereof for every complete month by which the term of the licence is less than one year, but so as not in any case to be less than 50 cents.
Subsection (4) was substituted, as from 10 December 1976, by section 3 Bylaws Amendment Act 1976 (1976 No 78).
Subsection (4) was substituted, as from 1 April 1980, by section 8(3) Local Government Amendment Act 1979 (1979 No 59).
Subsection (4) was repealed, as from 1 July 2003, by section 266 Local Government Act 2002 (2002 No 84). See sections 273 to 314 of that Act as to the savings and transitional provisions.