(8) In this section means any unauthorized person S. 29(8) person who for the purposes of subsection (1) amended by No. 86/1994 does not hold an estate agent's licence. s. 47(m)(viii). 29A Suspended and cancelled licences must be returned S. 29A inserted by No. 86/1994 (1) If the Tribunal suspends or cancels a licence, s. 17, the person to whom the licence was issued must substituted by No. 52/1998 return the licence to the Authority within the s. 83. period specified by the Tribunal. 25 penalty units. (2) If a licence is automatically suspended or cancelled under this Act, the person to whom the licence was issued must return the licence to the Authority within 7 days of becoming aware of the suspension or cancellation. 25 penalty units. 29B Duties of agents and officers in effective control S. 29B inserted by No. 86/1994 (1) This section applies to a natural person— s. 17, substituted by (a) who is a licensed estate agent who carries on No. 41/2003 an estate agency business; or s. 28. (b) who is an officer in effective control of the estate agency business of a corporation. (2) The person must— (a) be regularly and usually in charge at the principal office of the estate agent; and (b) give regular and substantial attendance at that office; and (c) properly control and supervise any estate agency business carried on by the agent or for which the person is responsible; and
S. 29(8) amended by No. 86/1994 s. 47(m)(viii). (8) In this section unauthorized person means any person who for the purposes of subsection (1) does not hold an estate agent's licence. S. 29A inserted by No. 86/1994 s. 17, substituted by No. 52/1998 s. 83. 29A Suspended and cancelled licences must be returned (1) If the Tribunal suspends or cancels a licence, the person to whom the licence was issued must return the licence to the Authority within the period specified by the Tribunal. 25 penalty units. (2) If a licence is automatically suspended or cancelled under this Act, the person to whom the licence was issued must return the licence to the Authority within 7 days of becoming aware of the suspension or cancellation. 25 penalty units. S. 29B inserted by No. 86/1994 s. 17, substituted by No. 41/2003 s. 28. 29B Duties of agents and officers in effective control (1) This section applies to a natural person— (a) who is a licensed estate agent who carries on an estate agency business; or (b) who is an officer in effective control of the estate agency business of a corporation. (2) The person must— (a) be regularly and usually in charge at the principal office of the estate agent; and (b) give regular and substantial attendance at that office; and (c) properly control and supervise any estate agency business carried on by the agent or for which the person is responsible; and
80-9428a121.docx