Variation of agent specified in licence
28 Variation of agent specified in licence
(1) If a licensee makes an application under section 27(1)(b) to vary the licensee's licence by deleting, adding or substituting an agent, this section applies.
(2) The application to vary the licence must be given to the Director.
(3) On receiving an application to delete an agent, the Director must immediately, by notice given to the licensee, vary the licence accordingly.
(4) On receiving an application to add or substitute an agent, the Director may carry out the inquiries he or she thinks necessary to determine if the proposed agent is suitable.
(5) The Director must carry out his or her inquiries immediately and expeditiously.
(6) If it appears to the Director that the proposed agent is suitable, he or she must, by notice given to the licensee:
vary the licence by adding or substituting the agent; and
(b) for sections 43 and 44 – approve or refuse to approve the establishment of the agency with the agent added or substituted by the variation.
(7) A variation under subsection (3) or (6) takes effect on the date notice of the variation is given to the licensee.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.