138Grant of licence

138 Grant of licence (1) The Director must, unless required by section 136 or 137 to refuse the application, grant a licence to an applicant on payment of the prescribed fee. (2) A licence authorises its holder to carry on business as a dealer at a place or places specified in the licence, and, if it specifies 2 or more places, the licence must state which of them is the holder's principal place of business. (3) Subject to subsection (4), the Director may grant a licence subject to such terms and conditions as the Director considers necessary or desirable, and any terms or conditions imposed by virtue of this subsection must be endorsed on the licence. (4) If the Director proposes to grant a licence to an applicant subject to terms or conditions under subsection (3), the Director must first: (a) give the applicant a written notice setting out the terms or conditions that are proposed to be imposed by the Director; and (b) give the applicant an opportunity to make submissions regarding the proposed terms or conditions. Subdivision B Duration and operation of licence, annual fee and return Consumer Affairs and Fair Trading Act 1990 61