Settlement agent licence - Holding application

Details on applying to place a settlement agent licence on hold.

Holding application

If a licence holder does not wish to continue to carry on business, they may surrender their triennial certificate and put their licence on hold at any time by paying the required holding fee.

What do I need to complete an application

Lodging your application

Once you have completed the application form and have all of your supporting documents ready, you can lodge your application in one of two ways:

By PostIn Person (including payments)
Licensing Services
Department of Energy, Mines, Industry Regulation and Safety
Locked Bag 100
EAST PERTH WA 6892
Customer Service
Level 1, Mason Bird Building
303 Sevenoaks Street
CANNINGTON 

Holding fee refunds

This fee is prescribed under Schedule 1 of the Regulations. Regulation 4A of the Settlement Agents Regulation 1982 specifically provides for the refund of a holding fee if a licensee elects to renew their triennial certificate, as follows:

(3) The Commissioner may refund to a licensee —
(a) two-thirds of the holding fee paid by the licensee if the licensee is granted a triennial certificate less than one year after paying the holding fee; or
(b) one-third of the holding fee paid by the licensee if the licensee is granted a triennial certificate one year or more, but less than 2 years, after paying the holding fee.

Holding fee payments will be refunded in accordance with regulation 4A.
 

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