Licensees to complete CPD requirements
92B Licensees to complete CPD requirements
A licensee who is an individual must complete the CPD requirements for each CPD year for the licensee’s licence.
Example—An auctioneer’s 3-year licence is issued on 1 September 2025. Under subsection (2)(a), the auctioneer is not required to complete the CPD requirements for the CPD year between 1 September 2025 and 31 August 2026. Under this subsection, the auctioneer is required to complete the CPD requirements for the CPD year between 1 September 2026 and 31 August 2027 and for the CPD year between 1 September 2027 and 31 August 2028 (and for later CPD years if the licence is renewed).
Subsection (1) does not apply to—
a licensee for the first CPD year that the licensee holds their licence; or
a licensee for a CPD year in which the licensee’s licence is deactivated for the majority of the year; or
a licensee in relation to a limited property agent licence issued to the licensee under section 28; or
a licensee who is an entity mentioned in part 2, division 9, subdivision 3.
If a licensee holds more than 1 authority, subsection (1) applies to the licensee only—
if the authority with the earliest date of original issue is a licence; and
if the licensee holds more than 1 licence—in relation to the licence that has the earliest date of issue.
In this section—authority means a licence or a registration certificate.date of original issue, of an authority, means the date on which the authority was first issued (before any subsequent renewal or restoration of the authority).
This Act’s bill:Explanatory memorandumSecond reading speech
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