sec.176Training requirement for holder of existing AIS approval— Act , s 18

sec.176 Training requirement for holder of existing AIS approval— Act , s 18

This section applies to the holder of an AIS approval that was in effect immediately before the commencement. If the holder of the AIS approval is required to have a nominee under section 99, the holder must ensure the nominee successfully completes any training course approved for a nominee under section 106A within the completion period for the training course. If the holder of the AIS approval is an individual who is not required to have a nominee under section 99, the holder must successfully complete any training course approved for a holder of an AIS approval under section 106A within the completion period for the training course. For section 18(1)(s) of the Act , the holder of the AIS approval contravening subsection (2) or (3) is prescribed as a ground for suspending or cancelling the approval. This section applies to the holder of the AIS approval in relation to a requirement under subsection (2) or (3) until— if the chief executive gives the holder a notice under section 19 (1) of the Act to suspend or cancel the approval on the ground the requirement has been contravened— if the holder applies for an internal or external review of the suspension or cancellation—the end of the day the review proceedings are finally dealt with; otherwise—the end of the day the procedure under section 19 of the Act is finished; or if paragraph (a) does not apply—the first of the following happens— the approval is renewed; the approval stops having effect. s 176 ins 2024 SL No. 224 s 17 (sec.176-ssec.1) This section applies to the holder of an AIS approval that was in effect immediately before the commencement. (sec.176-ssec.2) If the holder of the AIS approval is required to have a nominee under section 99, the holder must ensure the nominee successfully completes any training course approved for a nominee under section 106A within the completion period for the training course. (sec.176-ssec.3) If the holder of the AIS approval is an individual who is not required to have a nominee under section 99, the holder must successfully complete any training course approved for a holder of an AIS approval under section 106A within the completion period for the training course. (sec.176-ssec.4) For section 18(1)(s) of the Act , the holder of the AIS approval contravening subsection (2) or (3) is prescribed as a ground for suspending or cancelling the approval. (sec.176-ssec.5) This section applies to the holder of the AIS approval in relation to a requirement under subsection (2) or (3) until— if the chief executive gives the holder a notice under section 19 (1) of the Act to suspend or cancel the approval on the ground the requirement has been contravened— if the holder applies for an internal or external review of the suspension or cancellation—the end of the day the review proceedings are finally dealt with; otherwise—the end of the day the procedure under section 19 of the Act is finished; or if paragraph (a) does not apply—the first of the following happens— the approval is renewed; the approval stops having effect.

• (a) if the chief executive gives the holder a notice under section 19 (1) of the Act to suspend or cancel the approval on the ground the requirement has been contravened— (i) if the holder applies for an internal or external review of the suspension or cancellation—the end of the day the review proceedings are finally dealt with; (ii) otherwise—the end of the day the procedure under section 19 of the Act is finished; or
• (i) if the holder applies for an internal or external review of the suspension or cancellation—the end of the day the review proceedings are finally dealt with;
• (ii) otherwise—the end of the day the procedure under section 19 of the Act is finished; or
• (b) if paragraph (a) does not apply—the first of the following happens— (i) the approval is renewed; (ii) the approval stops having effect.
• (i) the approval is renewed;
• (ii) the approval stops having effect.
• (i) if the holder applies for an internal or external review of the suspension or cancellation—the end of the day the review proceedings are finally dealt with;
• (ii) otherwise—the end of the day the procedure under section 19 of the Act is finished; or
• (i) the approval is renewed;
• (ii) the approval stops having effect.