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(1) An application for a replacement licence shall be made to the Controller in writing.

(2) An application under subregulation (1) shall be verified by a statutory declaration or a police report made by the licensee.

(3) Where the Controller is satisfied as to the reason for the loss of the licence, the Controller may issue a replacement in Form ACO-2 with the words "DUPLICATE" endorsed on the licence.

(4) The applicant shall pay the prescribed fee for the issuance of the replacement licence.