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What happens to .au domain name licences granted prior to the implementation of the new Policy?

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What happens to .au domain name licences granted prior to the implementation of the new Policy?

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.au domain name licences granted prior to the implementation of the new policy are valid; and registrants can renew the licence, provided that they continue to be eligible to hold the licence. At the time of renewal, registrants will be required to warrant that they are still an eligible entity.

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