New South Wales Consolidated Regulations

PROPERTY AND STOCK AGENTS REGULATION 2014 - REG 55

55 Transitional provision for certain existing licences

(1) On the substitution of section 17(1) of the Act by the Property, Stock and Business Agents Amendment (Property Industry Reform) Act 2018 --

(a) the holder of a stock and station agent's licence is taken to hold a stock and station agent's class 2 licence, and

(b) the holder of a strata managing agent's licence is taken to hold a strata managing agent's class 2 licence.

(2) Nothing in this clause prevents a person from exercising a function that the person was lawfully authorised to exercise immediately before the commencement of this clause.

Note : See clause 33 of Schedule 1 to the Act for other licences and certificates of registration.