Periodic fee for licence and licence validity
14.—(1)  Every street‑hail service licence granted under this Part is valid for the period specified in the licence and is in force unless the licence is earlier revoked or suspended under section 35.
(2)  For every period prescribed (which must not exceed the validity of a street-hail service licence), a licensee of the street‑hail service licence must pay to the LTA, not later than the date prescribed, a periodic fee prescribed for that licence.
(3)  If a licensee of a street‑hail service licence fails to pay the periodic fee in accordance with subsection (2), the LTA may, by written notice, require the licensee to make good the default.
(4)  Every street‑hail service licence must be in the form the LTA determines.