12Competency qualifications and work experience

12 Competency qualifications and work experience (1) An applicant for a licence has the competency qualifications and work experience required of a licensee under section 11(1)(b) if the applicant has the qualifications and experience prescribed by the regulations. (2) Without limiting the power to prescribe qualifications and experience, regulations under subsection (1) may— (a) require the completion of a course of study; (b) require the completion of a period of training; (c) require the attainment of a standard of competency; (d) require satisfaction of professional development requirements; (e) prescribe qualifications for specified competencies, so as to enable a person who has those qualifications to be granted a licence subject to conditions that limit the person to exercising the functions of a licensee in relation to those specified competencies only; (f) prescribe qualifications by reference to qualifications obtained before a specific day or during a specified period.