Victorian Current Acts Victorian Current Acts(1) If a licensed estate agent fails to comply with section 23, the Authority must give the agent a written notice stating that unless the agent complies with that section and also pays to the Authority the prescribed late payment or lodgement fee by the date specified in the notice, the agent's licence will be cancelled.
(2) The date specified in the notice must be at least 14 days after the date on which the notice is given to the agent.
(3) If the agent has not complied with section 23 and paid the late payment or lodgement fee by the date specified in the notice, the licence is automatically cancelled.
S. 24B inserted by No. 86/1994 s. 14, amended by No. 52/1998 s. 77.