13Eligibility for licence—suitability and financial

13 Eligibility for licence—suitability and financial requirements—Act, s 18 and s 24A (1) The Minister may declare the qualifications and financial requirements necessary for an entity to be eligible to be licensed in a construction occupation or occupation class. Examples—qualifications 1 a formal academic qualification 2 a stated period or type of experience 3 that the applicant has not been refused a licence under the Act within a stated period (2) An entity is eligible to be licensed in a construction occupation or occupation class if— (a) the entity has a qualification declared by the Minister under subsection (1); and (b) the entity has the skills and knowledge reasonably necessary to occupation or occupation class; and (c) the entity satisfies the financial requirements declared by the Minister under subsection (1). (3) Also, an entity is eligible to be licensed in a construction occupation or occupation class if— (a) the entity does not have a qualification declared by the Minister under subsection (1); but (b) the entity has the skills and knowledge reasonably necessary to occupation or occupation class; and (c) the entity satisfies the financial requirements declared by the Minister under subsection (1). (4) A declaration is a disallowable instrument.