My Master Licence to Cut (MLTC) is showing with (expiring) – Why?

As per Forest Act s.47.5 (2)(a), a Master Licence to Cut (MLTC) cannot exceed a term of 10 years.  To ensure cutting permits associated to the Master Licence to Cut are valid for the term of an OGAA Permit, the Commission will replace Master Licenses to Cut twenty-three months prior to the expiry of the current MLTC.  The Commission has enhanced AMS to display those MLTC’s that will be expiring with a status of (expiring).