Property and Stock Agents Act 2002
26AAExceptional circumstances for extending or restoring certificates of registration beyond 4 years
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26AA Exceptional circumstances for extending or restoring certificates of registration beyond 4 years
26AA Exceptional circumstances for extending or restoring certificates of registration beyond 4 years
(1) The Secretary may, if satisfied exceptional circumstances exist—
(a) grant a certificate of registration for a term longer than 4 years, or
(b) grant an extension to an existing certificate of registration of up to 12 months so that the certificate has a term longer than 4 years, or
(c) grant a restoration to a certificate of registration for an additional 12 months so that the certificate has a term longer than 4 years.
(2) A grant under subsection (1) may be unconditional or subject to conditions.
(3) The Secretary may require the holder, or former holder, of a certificate of registration to do the following—
(a) make an application for a grant under subsection (1),
(b) make the application within the time required by the Secretary,
(c) make the application in a form approved by the Secretary,
(d) pay the fee prescribed by the regulations for the application.
(4) An application for the restoration of a certificate of registration must be made—
(a) within 3 months of the expiry of the certificate of registration, or
(b) within the further period determined by the Secretary on the application of the person seeking the restoration.
(5) A certificate of registration that has been surrendered or cancelled must not be restored.
(6) For an application for a restoration of a certificate of registration—
(a) anything done by the holder of the expired certificate of registration between its expiry and the determination of the application is taken to have been done as the holder of a certificate of registration, and
(b) if the application is granted—the certificate of registration is taken to have been restored from the day on which the certificate of registration expired.