sec.54Application for renewal

sec.54 Application for renewal

A field agent may apply for renewal of the agent’s licence only before the licence expires. The application must— be made to the chief executive in the approved form; and state the term of the licence being applied for; and state the names and addresses of the field agent’s business associates; and be accompanied by— the application fee prescribed under a regulation; and the licence renewal fee prescribed under a regulation; and if the field agent is required as a condition of the agent’s licence to hold insurance, proof of the currency of the insurance; and if, before or when the application is made, a criminal history costs requirement is made of the field agent—the amount of the costs required to be paid. The application must also be accompanied by— an audit report for all trust accounts kept by the field agent during the relevant audit period; or a statutory declaration that the field agent did not operate a trust account during the relevant audit period. If requested by the chief executive, the application must, for a field agent who is an individual, also be accompanied by 2 recent colour photographs of the agent that are— of a size prescribed under a regulation; and certified as photographs of the agent in the way prescribed under a regulation. The chief executive may, by written notice given to the field agent, require the agent to give the chief executive within a stated reasonable period information or material the chief executive reasonably believes is needed to consider the application. The field agent is taken to have withdrawn the agent’s application if the agent fails to comply with a request made under subsection (4) or requirement made under subsection (5) . In this section— relevant audit period , for a licence, means the audit period ending immediately before the licence’s expiry date. (sec.54-ssec.1) A field agent may apply for renewal of the agent’s licence only before the licence expires. (sec.54-ssec.2) The application must— be made to the chief executive in the approved form; and state the term of the licence being applied for; and state the names and addresses of the field agent’s business associates; and be accompanied by— the application fee prescribed under a regulation; and the licence renewal fee prescribed under a regulation; and if the field agent is required as a condition of the agent’s licence to hold insurance, proof of the currency of the insurance; and if, before or when the application is made, a criminal history costs requirement is made of the field agent—the amount of the costs required to be paid. (sec.54-ssec.3) The application must also be accompanied by— an audit report for all trust accounts kept by the field agent during the relevant audit period; or a statutory declaration that the field agent did not operate a trust account during the relevant audit period. (sec.54-ssec.4) If requested by the chief executive, the application must, for a field agent who is an individual, also be accompanied by 2 recent colour photographs of the agent that are— of a size prescribed under a regulation; and certified as photographs of the agent in the way prescribed under a regulation. (sec.54-ssec.5) The chief executive may, by written notice given to the field agent, require the agent to give the chief executive within a stated reasonable period information or material the chief executive reasonably believes is needed to consider the application. (sec.54-ssec.6) The field agent is taken to have withdrawn the agent’s application if the agent fails to comply with a request made under subsection (4) or requirement made under subsection (5) . (sec.54-ssec.7) In this section— relevant audit period , for a licence, means the audit period ending immediately before the licence’s expiry date.