(1) In section 37(3) of the Conveyancers Act 2006 for "licensee's licence is suspended" substitute "Authority must suspend the licensee's licence".
(2) After section 37(3) of the Conveyancers Act 2006 insert —
"(4) A licensee's licence is cancelled on the next anniversary of the day on which the licence was granted if—
(a) the licence has been suspended under subsection (3); and
(b) section 35 has not been complied with and the late payment or lodgement fee has not been paid.".