sec.75Replacement of key person licence

sec.75 Replacement of key person licence

A key person licensee may apply to the chief executive for the replacement of the licensee’s licence if it has been lost, stolen, destroyed or damaged. The chief executive must consider an application and either grant or refuse to grant the application. The chief executive must grant the application if the chief executive is satisfied the licence has been lost, stolen or destroyed, or damaged in a way to require its replacement. If the chief executive decides to grant an application, the chief executive must, on payment of the fee prescribed under a regulation, issue another key person licence to the applicant to replace the lost, stolen, destroyed or damaged licence. If the chief executive decides to refuse to grant an application, the chief executive must promptly— give the key person licensee an information notice about the decision; and if the chief executive believes there is currently a key relationship between the key person licensee and a licensed provider—give the licensed provider a copy of the information notice. (sec.75-ssec.1) A key person licensee may apply to the chief executive for the replacement of the licensee’s licence if it has been lost, stolen, destroyed or damaged. (sec.75-ssec.2) The chief executive must consider an application and either grant or refuse to grant the application. (sec.75-ssec.3) The chief executive must grant the application if the chief executive is satisfied the licence has been lost, stolen or destroyed, or damaged in a way to require its replacement. (sec.75-ssec.4) If the chief executive decides to grant an application, the chief executive must, on payment of the fee prescribed under a regulation, issue another key person licence to the applicant to replace the lost, stolen, destroyed or damaged licence. (sec.75-ssec.5) If the chief executive decides to refuse to grant an application, the chief executive must promptly— give the key person licensee an information notice about the decision; and if the chief executive believes there is currently a key relationship between the key person licensee and a licensed provider—give the licensed provider a copy of the information notice.

• (a) give the key person licensee an information notice about the decision; and
• (b) if the chief executive believes there is currently a key relationship between the key person licensee and a licensed provider—give the licensed provider a copy of the information notice.