TASIn ForceAct
Property Agents and Land Transactions Act 2016
24AFinancial capacity of licence holders
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24A Financial capacity of licence holders
[Section 24A Inserted by No. 29 of 2022, s. 72, Applied:01 Jul 2023]
(1) If the Board is satisfied that the licence holder does not have the material or financial resources to comply with the requirements of this Act, or any other Act of another State or a Territory, the Board may cancel the licence.
(2) The Board is to give the licence holder written notice of the cancellation of the licence under subsection (1) setting out the reasons why the licence is cancelled and the day on which the cancellation takes effect.