33
In forceShorter term if holder of another licence carries on business with applicant—Act, s 80(2)
33 Shorter term if holder of another licence carries on business with applicant—Act, s 80(2)
(1)
Subsection (2) applies if—
(a)
a person applies for—
(i)
1 or more licences; or
(ii)
the renewal of 1 or more licences; and
(b)
another person who carries on business with the applicant holds a licence under the Act or an Agents Act.
(2)
The chief executive may issue or renew a licence mentioned in subsection (1)(a) for a shortened term, so that each licence mentioned in subsection (1) expires at the same time.
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