—(1) An application for a licence or the renewal of a licence shall be made to the Authority in such form and manner as may be prescribed and shall be accompanied by the prescribed fee and, in the case of an application for the renewal of a licence, shall be made not later than one month before the expiry of the licence.
(2) The Authority may require an applicant to provide it with such further information as it considers necessary in relation to the application.
(3) The Authority shall not refuse to grant or renew a licence without first giving the applicant an opportunity of being heard.
(4) Where the Authority rejects an application for a licence or the renewal of a licence, the prescribed fee shall be refunded to the applicant but if the application is not rejected, the prescribed fee shall be payable notwithstanding the withdrawal of an application.
(5) The Authority may determine the method or manner of payment of the licence fee referred to in subsection (1).