8
CurrentDuration of approval
Part 2Approval of agents' managers under section 17E of the Act
8 Duration of approval
(1) An approval of a person as manager given under regulation 7 has effect:
(a) until the expiry of the licence of the agent for whom he or she is manager; or
(b)
until the licence of the agent is revoked; or
(c)
until the licence of the agent is surrendered; or
(d) subject to subregulation (2) – unless the agent dies or, if the agent is a corporation, unless it is dissolved.
(2) Subregulation (1)(d) does not apply if the Director authorises a person under section 17F(2) of the Act to carry on the deceased agent's business as an agent and that person carries on the deceased agent's business in accordance with the authorisation.
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