(1) A licence continues in force for a period of 12 months commencing on the date that the Registrar enters the applicant’s name in the register, unless—
(a) the licence is cancelled under section 54; or
(b) the licensee is suspended under section 58, 110(2)(c), or 115;
(c) the licence is surrendered under section 61.
(2) A licence may be renewed for further periods of 12 months in accordance with section 52.