8. (1) A licensee is liable to pay the quarterly franchise fee for each quarter during which the licence is in force in the name of the licensee, except for—
(a) the quarter in which the licence is issued and the following quarter; or
(b) the quarter (if any) in which the licence was transferred to the licensee.
(2) Subsection (1) applies irrespective of whether the licensee holds the licence during the whole or a part of the quarter.