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reg 9

Notification of change in circumstances etc

In force
Part 2Registration and management of agent's business

9 Notification of change in circumstances etc

(1)

If there is any change in—

(a)

the residential address of a registered agent; or

(b)

the postal or email address of a registered agent provided to the

Commissioner for purposes connected with their registration; or

(c)

the business or trading name under which a registered agent carries on business; or

(d)

the address at which a registered agent carries on business;

or

(e)

the address of the registered corporate office of a registered agent that is a body corporate, the agent must, within 14 days after that change, give written notice to the Commissioner of the new address or name (as the case may be). Maximum penalty: Maximum penalty: $2 500. Expiation fee: $160.

(2)

If there is any change in the—

(a)

residential address of a registered sales representative or registered property manager; or

(b)

postal or email address of a registered sales representative or registered property manager provided to the Commissioner for purposes connected with their registration, the sales representative or property manager must, within

14 days after that change, give written notice to the Commissioner of the new address. Maximum penalty: Maximum penalty: $2 500. Expiation fee: $160.

(3)

A registered agent must, within 14 days after ceasing to carry on business as an agent, give written notice to the Commissioner of that fact. Maximum penalty: Maximum penalty: $2 500. Expiation fee: $160.

(4)

A registered agent must, within 14 days after entering into partnership to carry on business as an agent or ceasing to be in such a partnership, give written notice to the Commissioner of that fact, together with the names of the members of the new or former partnership. Maximum penalty: Maximum penalty: $2 500. Expiation fee: $160.

(5)

If a person is appointed as a director of a body corporate that is a registered agent, the agent must, within 14 days after the appointment—

(a)

notify the Commissioner in the manner and form approved by the

Commissioner of the appointment of the new director; and

(b)

provide the Commissioner with any information required by the

Commissioner for the purposes of determining whether the new director meets the requirements for directors under section 8(2) of the Act. Maximum penalty: Maximum penalty: $2 500. Expiation fee: $160.

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