Licence fees. 72. (1) If the Commission is satisfied that an applicant has fulfilled all the conditions for granting a licence and upon payment to the Commission of the prescribed fees, the Commission shall issue such an applicant with a licence. (2) Every postal licensee shall, within the prescribed time, pay the Commission the fees specified in the licence and any licensee who fails to pay such fees shall be liable to pay such penalties as the Commission may prescribe. Licence terms. 73. All postal licences issued under the Act shall be valid for the period stated in the licence or for such period as may be determined by the Commission. licence 74.(1) Pursuant to section 82 of the Act, the Commission may, modify the conditions of any licence if it considers such modification necessary – modification and renewal. (a) to achieve the objectives of the Act; (b) in the public interest; (c) in the best and justified interests of the licensees; and (d) in order to ensure fair competition and equal treatment. (2) Where the Commission intends to modify all or any condition of a postal licence, the Commission shall publish a notice in the Gazette stating the reasons for the intended modification and giving not less than sixty days period for the licensee or other interested parties to make any written representation regarding the intended modification. (3) The Commission shall give due consideration to any representations made by the licensee. (4) Where the modification of a licence condition is at the instance of the Commission and such modification is likely to cause undue harm to the licensee, the Commission may grant such licensee a reasonable period to comply with the modification terms of the licence. 55