Victorian Consolidated Legislation

Conveyancers Act 2006 - SECT 40A

Surrender of licence

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.

Penalty: 10 penalty units. __________________