sec.92BLicensees to complete CPD requirements

### sec.92B Licensees to complete CPD requirements A licensee who is an individual must complete the CPD requirements for each CPD year for the licensee’s licence. An auctioneer’s 3-year licence is issued on 1 September 2025. Under subsection (2) (a) , the auctioneer is not required to complete the CPD requirements for the CPD year between 1 September 2025 and 31 August 2026. Under this subsection, the auctioneer is required to complete the CPD requirements for the CPD year between 1 September 2026 and 31 August 2027 and for the CPD year between 1 September 2027 and 31 August 2028 (and for later CPD years if the licence is renewed). Subsection (1) does not apply to— a licensee for the first CPD year that the licensee holds their licence; or a licensee for a CPD year in which the licensee’s licence is deactivated for the majority of the year; or a licensee in relation to a limited property agent licence issued to the licensee under section 28 ; or a licensee who is an entity mentioned in part 2 , division 9 , subdivision 3 . If a licensee holds more than 1 authority, subsection (1) applies to the licensee only— if the authority with the earliest date of original issue is a licence; and if the licensee holds more than 1 licence—in relation to the licence that has the earliest date of issue. In this section— authority means a licence or a registration certificate. date of original issue , of an authority, means the date on which the authority was first issued (before any subsequent renewal or restoration of the authority). s 92B ins 2024 No. 27 s 112 (sec.92B-ssec.1) A licensee who is an individual must complete the CPD requirements for each CPD year for the licensee’s licence. An auctioneer’s 3-year licence is issued on 1 September 2025. Under subsection (2) (a) , the auctioneer is not required to complete the CPD requirements for the CPD year between 1 September 2025 and 31 August 2026. Under this subsection, the auctioneer is required to complete the CPD requirements for the CPD year between 1 September 2026 and 31 August 2027 and for the CPD year between 1 September 2027 and 31 August 2028 (and for later CPD years if the licence is renewed). (sec.92B-ssec.2) Subsection (1) does not apply to— a licensee for the first CPD year that the licensee holds their licence; or a licensee for a CPD year in which the licensee’s licence is deactivated for the majority of the year; or a licensee in relation to a limited property agent licence issued to the licensee under section 28 ; or a licensee who is an entity mentioned in part 2 , division 9 , subdivision 3 . (sec.92B-ssec.3) If a licensee holds more than 1 authority, subsection (1) applies to the licensee only— if the authority with the earliest date of original issue is a licence; and if the licensee holds more than 1 licence—in relation to the licence that has the earliest date of issue. (sec.92B-ssec.4) In this section— authority means a licence or a registration certificate. date of original issue , of an authority, means the date on which the authority was first issued (before any subsequent renewal or restoration of the authority). - (a) a licensee for the first CPD year that the licensee holds their licence; or - (b) a licensee for a CPD year in which the licensee’s licence is deactivated for the majority of the year; or - (c) a licensee in relation to a limited property agent licence issued to the licensee under section 28 ; or - (d) a licensee who is an entity mentioned in part 2 , division 9 , subdivision 3 . - (a) if the authority with the earliest date of original issue is a licence; and - (b) if the licensee holds more than 1 licence—in relation to the licence that has the earliest date of issue.