Debt Collectors (Field Agents and Collection Agents) Regulation 2014
sec.24Surrendered registration certificate
Start here
Get a plain-English read of sec.24
Turn the raw legal text into a practical explanation grounded in Debt Collectors (Field Agents and Collection Agents) Regulation 2014.
sec.24 Surrendered registration certificate
This section applies if— the term of registration as a subagent is 3 years; and the registration certificate for the registration is surrendered before the term expires. For each whole year the registration is unexpired, an amount must be refunded that is equal to the registration renewal fee for 1 year that was payable when the fees payable for the term of registration were paid. (sec.24-ssec.1) This section applies if— the term of registration as a subagent is 3 years; and the registration certificate for the registration is surrendered before the term expires. (sec.24-ssec.2) For each whole year the registration is unexpired, an amount must be refunded that is equal to the registration renewal fee for 1 year that was payable when the fees payable for the term of registration were paid.
- (a) the term of registration as a subagent is 3 years; and
- (b) the registration certificate for the registration is surrendered before the term expires.