40A
In forceSurrender of licence
Part 2Licensing of conveyancers
Division 9General
40A Surrender of licence
(1)
Subject to subsection (2), a licensee may at any time by notice in writing to the Authority surrender the licence.
(2)
If an application has been made to VCAT to conduct an inquiry under section 33 in relation to a licensee, the licensee may not, without leave of VCAT, surrender the licence unless VCAT has determined to take action under section 34 or has determined not to take any action.
(3)
The person who held a licence that has been surrendered must return the licence to the Authority within 14 days of surrendering it.
- 10 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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