Section sec.15 - Debt Collectors (Field Agents and Collection Agents) Regulation 2014 - Shorter term if holder of another licence carries on business with applicant— Act , s 74 (2)

sec.15 Shorter term if holder of another licence carries on business with applicant— Act , s 74 (2)

Subsection (2) applies if— a person applies for— 1 or more licences; or renewal of 1 or more licences; and another person who carries on business with the applicant holds a licence under the Act or an Agents Act. The chief executive may issue or renew a licence mentioned in subsection (1) (a) for a shortened term, so that each of the licences mentioned in subsection (1) expires at the same time. (sec.15-ssec.1) Subsection (2) applies if— a person applies for— 1 or more licences; or renewal of 1 or more licences; and another person who carries on business with the applicant holds a licence under the Act or an Agents Act. (sec.15-ssec.2) The chief executive may issue or renew a licence mentioned in subsection (1) (a) for a shortened term, so that each of the licences mentioned in subsection (1) expires at the same time.

(a) a person applies for— (i) 1 or more licences; or (ii) renewal of 1 or more licences; and
(i) 1 or more licences; or
(ii) renewal of 1 or more licences; and
(b) another person who carries on business with the applicant holds a licence under the Act or an Agents Act.
(i) 1 or more licences; or
(ii) renewal of 1 or more licences; and

sec.15

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sec.15 Shorter term if holder of another licence carries on business with applicant— Act , s 74 (2)