Conveyancers Licensing Regulation 2021 (2021-550) (NSW)

Conveyancers Licensing Regulation 2021

Part 1 Preliminary

1 Name of Regulation This Regulation is the Conveyancers Licensing Regulation 2021.

2 Commencement This Regulation commences on the day on which it is published on the NSW legislation website.

Note— This Regulation repeals and replaces the Conveyancers Licensing Regulation 2015, which would otherwise be repealed on 1 September 2022 by the Subordinate Legislation Act 1989, section 10(2).

3 Definitions In this Regulation— fee unit—see Schedule 1, Part 2. the Act means the Conveyancers Licensing Act 2003.

Note— The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation.

4 Operating Account—the Act, s 90 The departmental account known as the Compensation Fund is prescribed for the purposes of the Act, section 90, definition of Operating Account.

Part 2 Licensing

5 Fees for licence—the Act, s 12(1) (1) The application fees payable for the purposes of the Act are listed in Schedule 1, Part 1. (2) An amount specified for an application fee in Schedule 1, Part 1, Column 3 under the heading Processing component is taken to be a fee to cover the costs incurred by the Secretary in processing the application.

Note— This amount is consequently a processing fee for the purposes of the Licensing and Registration (Uniform Procedures) Act 2002, Part 2. If an application is made by electronic communication, the processing fee is discounted (see that Act, section 13). If an application is refused or withdrawn, the applicant is entitled to a refund of all fees paid, other than the processing fee (see that Act, section 22). (3) The total application fee is set out in Schedule 1, Part 1, Column 4. (4) In addition to the total application fee, an applicant for a licence must pay the contribution to, and any levy for, the Compensation Fund required under the Property and Stock Agents Act 2002, section 168 or 169.