Queensland Subordinate Legislation as Made Queensland Subordinate Legislation as Made(1) This section applies if—
(a) the term of a licence is more than 1 year; and
(b) the licence is surrendered before the term expires.
(2) However, this section does not apply if the person surrendering the licence—
(a) continues to hold, at the time of the surrender, 1 or more additional licences under the Act or an Agents Act; and
(b) received a discount under division 2 in relation to any of the licences.
(3) For each whole year the surrendered licence is unexpired, an amount must be refunded that is equal to the licence renewal fee for 1 year that was payable by the person who held the licence when the fees payable for the licence were paid.