sec.27Refund if transitioned certificate is surrendered

sec.27 Refund if transitioned certificate is surrendered

This section applies if, under the Property Occupations Act 2014 , section 240, a person who is taken to be the holder of a transitioned certificate that is a debt collector subagent registration certificate surrenders the certificate. The chief executive must refund to the person the amount worked out using the formula— where— RF means— if the surrendered registration certificate was renewed—the registration certificate renewal fee paid by the person when the surrendered registration certificate was last renewed; or if the surrendered registration certificate was restored—the registration renewal fee paid by the person when the surrendered registration certificate was last restored; or otherwise—the registration issue fee paid by the person for the surrendered registration certificate. RM means the number of months (including any part of a month) for which the existing registration certificate was issued, renewed or restored. WM means the number of whole months, as defined in section 22(3), before the expiry date for the transitioned certificate. In this section— existing registration certificate see the Property Occupations Act 2014 , schedule 3. transitioned certificate see the Property Occupations Act 2014 , schedule 3. (sec.27-ssec.1) This section applies if, under the Property Occupations Act 2014 , section 240, a person who is taken to be the holder of a transitioned certificate that is a debt collector subagent registration certificate surrenders the certificate. (sec.27-ssec.2) The chief executive must refund to the person the amount worked out using the formula— where— RF means— if the surrendered registration certificate was renewed—the registration certificate renewal fee paid by the person when the surrendered registration certificate was last renewed; or if the surrendered registration certificate was restored—the registration renewal fee paid by the person when the surrendered registration certificate was last restored; or otherwise—the registration issue fee paid by the person for the surrendered registration certificate. RM means the number of months (including any part of a month) for which the existing registration certificate was issued, renewed or restored. WM means the number of whole months, as defined in section 22(3), before the expiry date for the transitioned certificate. (sec.27-ssec.3) In this section— existing registration certificate see the Property Occupations Act 2014 , schedule 3. transitioned certificate see the Property Occupations Act 2014 , schedule 3.

• (a) if the surrendered registration certificate was renewed—the registration certificate renewal fee paid by the person when the surrendered registration certificate was last renewed; or
• (b) if the surrendered registration certificate was restored—the registration renewal fee paid by the person when the surrendered registration certificate was last restored; or