Property Services (Regulation) Act 2011
Surrender and seizure of licence following suspension or revocation, etc.
40.— (1) Where a licensee is adjudicated bankrupt, the adjudication shall operate immediately to suspend the licence of the licensee or, if the licensee holds 2 or more licences, all those licences until—
( a) the licence expires or all those licences expire, as the case may be, or
( b) the adjudication is annulled and an office copy of the order annulling the adjudication is served on the Authority,
whichever first occurs.
( a) a licence is suspended or revoked, or
( b) a licensee ceases to provide the property service authorised by the licence,
the licensee shall forthwith surrender the licence (and every duplicate of the licence) to the Authority and the Authority shall cause the Register to be updated accordingly.
(3) An inspector may seize and retain a licence (and every duplicate of the licence)—
( a) which has been suspended or revoked or has expired, or
( b) where the licensee has ceased to provide the property service authorised by the licence.
(4) A person who, without reasonable excuse, contravenes subsection (2) is guilty of an offence and liable on summary conviction to a class A fine.