Term used: licence holder
4 Term used: licence holder
In these regulations, other than regulations 7 and 16 —
licence holder in relation to —
a licence held by a firm, means the firm and each natural person by whom the firm is constituted and each person concerned in the management and conduct of any body corporate by which the firm is constituted; and
a licence held by a body corporate, means the body corporate and each person concerned in the management and conduct of the body corporate.
5. Licences, application for, duration of etc.
An applicant for a licence is to pay to the CEO a fee calculated in accordance with Schedule 1 item 1 before the licence is granted.
Subject to the Act, a licence has effect on and from the day on which it is granted and expires on the next 1 January.
An applicant for the renewal of a licence is to pay to the CEO a fee calculated in accordance with Schedule 1 item 2 before the licence is renewed.
An application for the renewal of a licence is to be made to the CEO on or before 30 November in the year preceding the year to which the licence relates.
Subject to the Act, a licence renewed by the CEO has effect on and from the next 1 January and expires at the end of that year.
The CEO must issue an applicant for a replacement licence with a replacement on payment of the fee set out in Schedule 1 item 3, if satisfied that the licence has been lost, damaged or destroyed.
[Regulation 5 amended: Gazette 15 Dec 2006 p. 5627; 30 Oct 2009 p. 4308.]
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