sec.59Chief executive may renew or refuse to renew licence

### sec.59 Chief executive may renew or refuse to renew licence The chief executive must consider the renewal application and may renew or refuse to renew the licence. The chief executive may renew the licence only if the chief executive is satisfied— the licensee is a suitable person to hold a licence and— if the licensee carries on business in partnership or in conjunction with others—each member of the partnership or each person with whom the licensee carries on business in conjunction is a suitable person to hold a licence; and if the licensee is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and the application is made under section 58 ; and the licensee meets the eligibility requirements, other than eligibility requirements of an educational nature, for the licence. If section 92B (1) applies to the licensee, the chief executive must, in deciding whether to renew or refuse to renew the licence, have regard to whether— the licensee has complied with section 92B (1) for each CPD year ending within the term of the licensee’s current licence; or the licensee has not complied with section 92B (1) for each CPD year ending within the term of the licensee’s current licence but exceptional circumstances apply. If the chief executive decides to refuse the application, the chief executive must give the applicant an information notice about the decision within 14 days after making the decision. s 59 amd 2024 No. 27 s 109 (sec.59-ssec.1) The chief executive must consider the renewal application and may renew or refuse to renew the licence. (sec.59-ssec.2) The chief executive may renew the licence only if the chief executive is satisfied— the licensee is a suitable person to hold a licence and— if the licensee carries on business in partnership or in conjunction with others—each member of the partnership or each person with whom the licensee carries on business in conjunction is a suitable person to hold a licence; and if the licensee is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and the application is made under section 58 ; and the licensee meets the eligibility requirements, other than eligibility requirements of an educational nature, for the licence. (sec.59-ssec.3) If section 92B (1) applies to the licensee, the chief executive must, in deciding whether to renew or refuse to renew the licence, have regard to whether— the licensee has complied with section 92B (1) for each CPD year ending within the term of the licensee’s current licence; or the licensee has not complied with section 92B (1) for each CPD year ending within the term of the licensee’s current licence but exceptional circumstances apply. (sec.59-ssec.4) If the chief executive decides to refuse the application, the chief executive must give the applicant an information notice about the decision within 14 days after making the decision. - (a) the licensee is a suitable person to hold a licence and— (i) if the licensee carries on business in partnership or in conjunction with others—each member of the partnership or each person with whom the licensee carries on business in conjunction is a suitable person to hold a licence; and (ii) if the licensee is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and - (i) if the licensee carries on business in partnership or in conjunction with others—each member of the partnership or each person with whom the licensee carries on business in conjunction is a suitable person to hold a licence; and - (ii) if the licensee is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and - (b) the application is made under section 58 ; and - (c) the licensee meets the eligibility requirements, other than eligibility requirements of an educational nature, for the licence. - (i) if the licensee carries on business in partnership or in conjunction with others—each member of the partnership or each person with whom the licensee carries on business in conjunction is a suitable person to hold a licence; and - (ii) if the licensee is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and - (a) the licensee has complied with section 92B (1) for each CPD year ending within the term of the licensee’s current licence; or - (b) the licensee has not complied with section 92B (1) for each CPD year ending within the term of the licensee’s current licence but exceptional circumstances apply.