22Renewal of licence

22 Renewal of licence

(1)  [Section 22 Subsection (1) amended by No. 29 of 2022, s. 71, Applied:01 Jul 2023] Subject to subsection (8) , not less than 60 days before the expiration of a property agent licence, the holder of the licence may apply to the board for the renewal of the licence.

(2)  The Board, at its discretion, may accept an application for the renewal of a property agent licence lodged less than 60 days before the expiration of the licence.

(3)  An application for renewal must be –

(a) in an approved form; and

(b) accompanied by any prescribed fee and, in the case of an application accepted under subsection (2) , any further prescribed late fee; and

(c) accompanied by any documents and information the Board requires.

(4)  Sections 17 , 18 , 19 , 20 and 21 apply in respect of an application for, and the issue of, the renewal of a licence in the same manner as they apply to an application for, and the issue of, a licence.

(5)  If an application for renewal of a licence is made under this section, the current licence continues in force until it is renewed or its renewal is refused.

(6)  The renewal of a licence takes effect from the date on which the licence was due to expire.

(7)  The refusal to renew a licence takes effect on the date of the notice of refusal.

(8)  [Section 22 Subsection (8) inserted by No. 29 of 2022, s. 71, Applied:01 Jul 2023] This section does not apply to a person who holds a licence by virtue of holding deemed registration.