New South Wales Consolidated Regulations

SECURITY INDUSTRY REGULATION 2007 - REG 24

24 Application for variation of master licence

(1) The Commissioner may, on the application of the holder of a master licence, vary the subclass of that licence (the "old subclass") to another subclass (the "new subclass").

(2) If the fees payable under clause 12 in respect of the new subclass are higher than those payable under that clause in respect of the old subclass, the fee payable on an application under subclause (1) is the difference between those fees.

(3) A master licence that has been varied under this clause remains in force only for the term of that licence, unless sooner surrendered or revoked or otherwise ceases to be in force.