58
CurrentApplications for licences under Part 5 by former licence holders
58 Applications for licences under Part 5 by former licence holders
(1)
The regulations may modify (or remove the need for) the application process for a licence under Part 5 of this Act in the case of a person whose commercial agent licence ceases to have effect because of the repeal of the CAPI Act.
(2)
In such a case, the regulations may deem the person to be the holder of a licence under Part 5, or may require the Secretary to issue a licence to the person under that Part, unconditionally or subject to conditions and for such period (being no more than 3 years) as may be prescribed.
This Act’s bill:Explanatory memorandum
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