| (1) | For the purposes of this rule— |
| (a) | "date of registration" means the date of registration endorsed on a registration certificate referred to in rule 10 or the date deemed to be that date by virtue of sub-rule(4); |
| (b) | "effective date" means 1 April 2007; and |
| (c) | "expiry date" means the date on which the validity of the registration of a registered person expires in accordance with this rule. |
| (2) | Subject to subrules (4), (5) and (8), a registration in terms of section 20(2) of the Act shall with effect from the effective date and as a general rule be valid for a period of five years from the date of registration. |
| (3) | The period of validity of the registration of a registered person prescribed in terms of this rule shall be endorsed on all registration certificates issued with effect from the effective date. |
| (4) | The date of registration of a person who, on the effective date is registered as— |
| (b) | a single residential property assessor; or |
| (c) | candidate single residential property assessor, |
shall, for the purposes of subrule (1), be deemed to be that of the effective date.
| (5) | The period of validity of the registration of— |
| (a) | a professional or a registered single residential property assessor may, on the expiry date, be extended for a further period not exceeding five years, if the council is satisfied that the registered person concerned complies with the applicable conditions relating to and the nature and extent of continuing education and training determined by the council under section 13(k) of the Act. |
| (b) | a candidate valuer may, on the expiry date of his or her registration referred to in subrule (4), be extended for a further period determined by the council— |
| (i) | if the council is convinced that circumstances beyond the control of the candidate valuer prevented him/her from obtaining a recognized academic qualification or from complying with at least the other requirements for registration as a professional person; or |
| (ii) | if the registration of the candidate valuer as a professional is pending and under consideration by the council or that the candidate valuer is about to apply for that registration; and |
| (c) | a candidate single residential property assessor may, on the expiry date, under the circumstances referred to in paragraph (b), with the necessary changes, be extended for a further period not exceeding one year. |
| (6) | When the council extends the period of registration of a registered person in accordance with sub-rule (5), the council— |
| (a) | may determine conditions applicable to the extension; and |
| (b) | must convey the determination to the registered person in writing. |
| (7) | An application for an extension of the period of validity of a registration shall be made in writing and be accompanied by— |
| (a) | any charge determined by the council under section 12 of the Act; |
| (b) | any certificate in possession of the applicant; and |
| (c) | any information or document required by the council. |
| (8) | If the council refuses to extend the period of validity of the registration of a registered person the registered person may, after a period of one year from the date of the refusal, apply for registration in accordance with section 20(2)(a) or (b), as the case may be, of the Act. |
