14Class 1 strata managing agent’s licence

14 Class 1 strata managing agent’s licence

14 Class 1 strata managing agent’s licence

(1) A person has the qualifications required for the issue of a class 1 strata managing agent’s licence (the new licence) if the person satisfies one of the pathways set out in this clause.

(2) Pathway 1—holders of class 1 licence The person has held a class 1 strata managing agent’s licence within 12 months before making the application for the new licence.

(3) Pathway 2—holders of class 2 licence The person has—

(a) held a class 2 strata managing agent’s licence for at least 2 years, and

(b) satisfactorily completed the class 1 work experience requirements during a 2 year period, and

(c) been issued with a relevant diploma from a registered training organisation.

(4) Pathway 3—transitional provision former licence holders The person—

(a) holds a class 2 strata managing agent’s licence, and

(b) applies for the class 1 strata managing agent’s licence within 12 months after the commencement day, and

(c) immediately before the commencement day—

(i) held a strata managing agent’s licence for at least 2 years, or

(ii) held a strata managing agent’s licence and carried on business under the licence or was employed to be the person in charge of business carried on under a strata managing agent’s licence at a place of business.