Document ID: chunk:federal_register_of_legislation:C2024C00463:section:21:p2
Version: federal_register_of_legislation:C2024C00463
Segment Type: section
Provision Reference: s 21 (pt 2/2)
Character Range: 107981–110121

is renewed for a period of 5 years beginning on the day after the last day of the current registration, unless cancelled earlier; and
 (b) that registration is renewed subject to the conditions applying to the current registration immediately before the renewal begins.
Note: Section 23 deals with cancelling registration and section 22 deals with changing conditions of registration.

Minister does not renew registration before expiry of registration
 (9) If the Minister has not made a decision on the application before the end of the last day (the expiry day) of the current registration:
 (a) that registration is taken to continue after the expiry day until the person receives notice of the Minister's decision on the application, unless the registration is cancelled earlier; and
 (b) if the Minister renews the person's current registration:
 (i) that registration is renewed for a period of 5 years beginning on the day after the expiry day, unless cancelled earlier; and
 (ii) the conditions applying to the current registration immediately before the Minister's decision continue to apply after the Minister's decision.
Note: Section 23 deals with cancelling registration and section 22 deals with changing conditions of registration.
Example: An individual's registration is due to end on 31 October (the expiry day). On 1 June the individual applies to renew the registration. The Minister has not decided the application by the end of 31 October.
 The registration continues automatically past 31 October until the Minister decides the application. The conditions applying to the registration at the end of 31 October will continue to apply after 31 October and these may be changed under section 22.
 On 1 December the Minister renews the individual's registration. The registration is renewed for a period of 5 years beginning on 1 November.
 The conditions applying to the registration immediately before the Minister's decision on 1 December will continue to apply after that decision.

Registration may be renewed more than once
 (10) A registered broker's registration may be renewed more than once under this section.