Section 48: Licenses.

(1) The Authority may, on payment of the prescribed fee, grant licences for the purposes of section 47 of this Act in the prescribed form and may renew such licences.
(2) The grant or renewal of any such licence shall be at the discretion of the Authority.
(3) Any such licence shall be subject to such conditions as may be prescribed and to such such special conditions endorsed thereon as the Authority may see fit to impose.