41Certificate of registration

41 Certificate of registration (1) Subject to this Part, on being satisfied that the applicant satisfies the requirements of section 39 and on receiving payment of the prescribed fee, the Board shall direct the Registrar: (a) to register the applicant as an agent's representative; and (b) to issue to the applicant a certificate of registration in the approved form. (2) Notwithstanding subsection (1), the Board must not register an applicant for registration as an agent's representative unless the Board is satisfied that the applicant will, when registered, be employed by, or within the service of, a licensed agent as an agent's representative within the Territory.