Property Developers Act 2024
22Variation of licence
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22 Variation of licence (1) The registrar may vary a licence on written application by the licensee if the registrar— (a) has considered any reasons provided by the licensee in their application to vary the licence; and (b) is satisfied it is appropriate to vary the licence. (2) The registrar may vary the licence on the registrar’s own initiative if the registrar— (a) has given the licensee a written notice that— (i) states how the registrar proposes to vary the licence; and (ii) states the reason the registrar proposes to vary the licence; and (iii) tells the licensee that the licensee may give a written response to the registrar about the matters stated in the notice not later than 28 days after the day the licensee receives the notice; and (b) has considered any response given in accordance with paragraph (a) (iii); and (c) is satisfied it is appropriate to vary the licence. (3) If the registrar varies a licence under this section, the registrar must give the licensee a written notice (a notice of variation) that states— (a) how the licence has been varied; and (b) the day on which the variation takes effect. (4) A variation of a licence takes effect on the day stated in the notice of variation.
Division 2.3 Licence variations and change of circumstances licence includes a suspended licence. vary, in relation to a licence, includes— (a) varying the term of the licence; and (b) adding, amending or removing a condition of the licence.