23Transitional provision—former equivalent licences

23 Transitional provision—former equivalent licences

23 Transitional provision—former equivalent licences

(1) A person has the qualifications required for the issue of a class 2 licence if the person held—

(a) an equivalent licence under the Act for a period of 2 or more years before the commencement of the amending Act, and

(b) the equivalent licence did not expire more than 5 years before the commencement of the amending Act.

(2) In this clause—

amending Act means the Property, Stock and Business Agents Amendment (Property Industry Reform) Act 2018.

equivalent licence means a licence that, in the opinion of the Secretary, is equivalent to the licence to which the application relates.