69Powers of Board after inquiry

69 Powers of Board after inquiry (1) If, at the conclusion of an inquiry conducted under section 68(4), the Board is satisfied that it is authorised to take disciplinary action against a licensed agent, the Board may do one or more of the following: (a) reprimand or caution the agent; (b) by written notice, impose a fine not exceeding 50 penalty units on the agent; (c) by written notice, suspend the licence of the agent until the expiration of the period, or the fulfilment of a condition, specified in the notice; (d) by written notice, revoke the licence of the agent. (1A) The Board must, for the purposes of taking action of a kind specified in subsection (1)(a), (b), (c) or (d), take into account a period of suspension, if any, imposed under section 68A(1) on the licensed agent in respect of whom it proposes to take that action. (2) If the Board decides to take action of a kind specified in subsection (1)(a), (b), (c) or (d), the Registrar must accordingly in writing inform: (a) in the case of a licensed agent or former licensed agent, as the case may be, who is an employee of, or a director of, a company which is a licensed agent – that company; or (b) in the case of a licensed agent or former licensed agent, as the case may be, who is an employee of a firm which is a licensed agent or a person by whom such a firm is constituted – that firm, as the case requires. (3) If the Board decides to take action of a kind specified in subsection (1)(a), (b) or (c), the Board may, by written notice, direct the licensed agent to take, or to refrain from taking, a specified action within such time as the Board specifies in the notice. (4) The Board may, if it thinks fit, either before or after the expiration of a period fixed under subsection (1)(c) or (3), extend that period.

Agents Licensing Act 1979 53 (5) If the Board revokes a licence under subsection (1)(d), the Board may, in the notice referred to in that subsection, specify a period that must elapse or impose a condition that must be fulfilled before the person formerly licensed may apply again for a licence. (6) If a period is specified or a condition imposed under subsection (5), the person formerly licensed is not eligible to apply for a licence until the expiration of that period or the fulfilment of that condition to the satisfaction of the Board, as the case may be. (7) If the Board revokes a licence under subsection (1)(d) and does not specify a period that must elapse or impose a condition that must be fulfilled under subsection (5), the person formerly licensed is not, without the approval of the Board, eligible to apply for a licence. (8) The Board must give a written statement of the reasons for its decision on the inquiry to: (a) the licensed agent; and (b) if the inquiry was held by the Board because of an application made under section 68(1), (2) or (3) – the person who made the application.