sec.46Refund for surrender of registration certificate as a property developer salesperson

### sec.46 Refund for surrender of registration certificate as a property developer salesperson This section applies to a person who— immediately before the commencement of this section held a registration certificate as a property developer salesperson under PAMDA; and surrenders the certificate. The chief executive must refund to the person the amount worked out using the formula— where— RF means— if the registration certificate was renewed—the registration certificate renewal fee paid by the person when the registration certificate was last renewed; or if the registration certificate was restored—the registration renewal fee paid by the person when the registration certificate was last restored; or otherwise—the registration issue fee paid by the person for the registration certificate. RM means the number of months (including any part of a month) for which the registration certificate was issued, renewed or restored. WM means the number of whole months, as defined in section 41(3), before the expiry date for the registration certificate had PAMDA not been repealed. (sec.46-ssec.1) This section applies to a person who— immediately before the commencement of this section held a registration certificate as a property developer salesperson under PAMDA; and surrenders the certificate. (sec.46-ssec.2) The chief executive must refund to the person the amount worked out using the formula— where— RF means— if the registration certificate was renewed—the registration certificate renewal fee paid by the person when the registration certificate was last renewed; or if the registration certificate was restored—the registration renewal fee paid by the person when the registration certificate was last restored; or otherwise—the registration issue fee paid by the person for the registration certificate. RM means the number of months (including any part of a month) for which the registration certificate was issued, renewed or restored. WM means the number of whole months, as defined in section 41(3), before the expiry date for the registration certificate had PAMDA not been repealed. - (a) immediately before the commencement of this section held a registration certificate as a property developer salesperson under PAMDA; and - (b) surrenders the certificate. - (a) if the registration certificate was renewed—the registration certificate renewal fee paid by the person when the registration certificate was last renewed; or - (b) if the registration certificate was restored—the registration renewal fee paid by the person when the registration certificate was last restored; or - (c) otherwise—the registration issue fee paid by the person for the registration certificate.