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Genuine estate and business settlement representative's licence candidates are required to provide a declaration of scholastic record provided by the public training company or signed up training service provider validating that they have completed the education qualifications prescribed in regulation 6( 2) of the Settlement Agents Laws 1982. Each licensed settlement representative is issued with a licensing package upon request.

For companies and business to be licensed, and to continue to be licensed, they must satisfy and preserve specific requirements, consisting of a minimum variety of licence holders, staff supervision and sound financial practices. Requirement to surrender licence if body business becomes unqualified The licence and triennial certificate must be surrendered within 5 days after the licensee ceased to have the necessary variety of licensed directors or have a licensed individual in authentic control of the service.

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Settlement agents kinds: Alternative to give up a triennial certificate If a licence holder does not wish to continue to continue company, they may surrender their triennial certificate at any time by paying the required holding cost to maintain their licence. When all set to go back to the industry, the licence holder can use to renew their triennial certificate.

To allow adequate time for processing and any follow-up requirements associating with your application, it's essential to lodge a complete renewal application with all paperwork at least one month prior to the expiration date. If the renewal is not processed and approved by the expiry date, you are no longer accredited to work.

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If the renewal is not processed and granted by the expiry date, you are no longer licensed to work. Incomplete applications will not be accepted.  More Details  on licences and triennial certificates The Commissioner might impose or get rid of conditions on licences and triennial certificates at any time. If the Commissioner is thinking about enforcing a condition, the licence holder need to be alerted in composing, and be provided the opportunity to make submissions in relation to the proposed condition.