Document ID: chunk:federal_register_of_legislation:F2024C00311:reg:5:p1
Version: federal_register_of_legislation:F2024C00311
Segment Type: reg
Provision Reference: reg 5 (pt 1/34)
Character Range: 60511–63452

5                 More than 100                                 $6,627                                              $7,453                                              $8,280                                              $9,106

2.41C  Prescribed fee—application for servicing licence (Act s 18NA(3)(b))
  For the purposes of paragraph 18NA(3)(b) of the Act, the fee for an application for a servicing licence is the sum of the following amounts:
 (a) if the applicant does not hold a servicing licence—the new applicant amount for the application;
 (b) the amount worked out by multiplying the class amount for the application by the number of classes of servicing licence to which the application relates;
 (c) the amount worked out by multiplying the verifier amount for the application by the number of licence years for the application.

2.42  Prescribed particulars (Act s 18NF)
  For section 18NF of the Act, each of the following particulars related to a servicing licence is prescribed:
 (a) the licence number;
 (b) the licensee's name;
 (c) the licensee's address to be used for service of notices;
 (d) the date on which the licence was issued;
 (e) any condition imposed on the licence under section 18NH of the Act;
 (f) the class of the licence;
 (g) a unique identifying code for each licensee, in the form of 3 letters in upper case.

2.43  Prescribed conditions (Act s 18NH (j))
 (1) For paragraph 18NH(j) of the Act, each of the conditions in this regulation is prescribed.
 (2) A servicing licensee must comply with these Regulations.
 (3) An employee of a servicing licensee must comply with these Regulations.
 (4) If paragraph 18QA(1)(a), (b), (c), (e), (g), (h) or (i) of the Act applies to the servicing licensee, the servicing licensee must notify the Secretary of that fact within 14 days after the servicing licensee first knows that the paragraph applies.
 (5) If any change occurs in the circumstances of the servicing licensee that will result in paragraph 18QA(1)(a), (b), (c), (e), (g), (h) or (i) of the Act applying to the servicing licensee, the servicing licensee must notify the Secretary of that fact within 14 days after the change in circumstances.
 (6) If an employee of a servicing licensee verifies measuring instruments as part of his or her duties, the employee must, within 14 days after the change in circumstances, notify the servicing licensee of any change in the employee's circumstances that is relevant to:
 (a) the employee's eligibility to carry out his or her duties; or
 (b) identifying the employee.
Note: Examples of a relevant change in the employee's circumstances include, but are not limited to, the following:
(a) loss of competence;
(b) change of name;
(c) change of residential address.
 (7) If an employee of a servicing licensee notifies the servicing licensee of any change in the employee's circumstances in accordance with subregulation (6), the servicing licensee must