sec.58Application for renewal

### sec.58 Application for renewal A licensee may only apply for renewal of the licensee’s licence before the licence expires. The application must— be made to the chief executive in the approved form; and state the term of the licence being applied for; and state the names and addresses of the licensee’s business associates; and be accompanied by— the application fee prescribed under a regulation; and the licence renewal fee prescribed under a regulation; and if the licensee is required as a condition of the licensee’s licence to hold insurance, proof of the currency of the insurance; and if, before or when the application is made, a criminal history costs requirement is made of the licensee—the amount of the costs required to be paid; and if section 92B (1) applies to the licensee—a statement that the licensee has, for each CPD year ending within the term of the licensee’s current licence, complied with section 92B (1) or evidence that exceptional circumstances apply. The application must also be accompanied by— an audit report for all trust accounts kept by the licensee during the relevant audit period; or a statutory declaration by the licensee that the licensee did not operate a trust account during the relevant audit period. In this section— relevant audit period , for a licensee’s licence, means the audit period ending immediately before the licence’s expiry date. s 58 amd 2024 No. 27 s 108 (sec.58-ssec.1) A licensee may only apply for renewal of the licensee’s licence before the licence expires. (sec.58-ssec.2) The application must— be made to the chief executive in the approved form; and state the term of the licence being applied for; and state the names and addresses of the licensee’s business associates; and be accompanied by— the application fee prescribed under a regulation; and the licence renewal fee prescribed under a regulation; and if the licensee is required as a condition of the licensee’s licence to hold insurance, proof of the currency of the insurance; and if, before or when the application is made, a criminal history costs requirement is made of the licensee—the amount of the costs required to be paid; and if section 92B (1) applies to the licensee—a statement that the licensee has, for each CPD year ending within the term of the licensee’s current licence, complied with section 92B (1) or evidence that exceptional circumstances apply. (sec.58-ssec.3) The application must also be accompanied by— an audit report for all trust accounts kept by the licensee during the relevant audit period; or a statutory declaration by the licensee that the licensee did not operate a trust account during the relevant audit period. (sec.58-ssec.4) In this section— relevant audit period , for a licensee’s licence, means the audit period ending immediately before the licence’s expiry date. - (a) be made to the chief executive in the approved form; and - (b) state the term of the licence being applied for; and - (c) state the names and addresses of the licensee’s business associates; and - (d) be accompanied by— (i) the application fee prescribed under a regulation; and (ii) the licence renewal fee prescribed under a regulation; and (iii) if the licensee is required as a condition of the licensee’s licence to hold insurance, proof of the currency of the insurance; and (iv) if, before or when the application is made, a criminal history costs requirement is made of the licensee—the amount of the costs required to be paid; and (v) if section 92B (1) applies to the licensee—a statement that the licensee has, for each CPD year ending within the term of the licensee’s current licence, complied with section 92B (1) or evidence that exceptional circumstances apply. - (i) the application fee prescribed under a regulation; and - (ii) the licence renewal fee prescribed under a regulation; and - (iii) if the licensee is required as a condition of the licensee’s licence to hold insurance, proof of the currency of the insurance; and - (iv) if, before or when the application is made, a criminal history costs requirement is made of the licensee—the amount of the costs required to be paid; and - (v) if section 92B (1) applies to the licensee—a statement that the licensee has, for each CPD year ending within the term of the licensee’s current licence, complied with section 92B (1) or evidence that exceptional circumstances apply. - (i) the application fee prescribed under a regulation; and - (ii) the licence renewal fee prescribed under a regulation; and - (iii) if the licensee is required as a condition of the licensee’s licence to hold insurance, proof of the currency of the insurance; and - (iv) if, before or when the application is made, a criminal history costs requirement is made of the licensee—the amount of the costs required to be paid; and - (v) if section 92B (1) applies to the licensee—a statement that the licensee has, for each CPD year ending within the term of the licensee’s current licence, complied with section 92B (1) or evidence that exceptional circumstances apply. - (a) an audit report for all trust accounts kept by the licensee during the relevant audit period; or - (b) a statutory declaration by the licensee that the licensee did not operate a trust account during the relevant audit period.