if the licence had been an assignment "if the licence had been an assignment" means if, instead of the licence, there had been granted (subject to terms and conditions corresponding as nearly as may be with those subject to which the licence was granted) an assignment of the copyright in respect of its or their application to the doing, at the place and time authorized by the licence, of the acts so authorized; ACT 332 - COPYRIGHT ACT 1987 38. Proceedings in case of copyright subject to exclusive licence.