8Eligibility for licence

#### 8 Eligibility for licence 8 Eligibility for licence > > (1) A natural person is eligible to hold a licence only if the Secretary is satisfied that the person— > > > > > (a) is at least 18 years of age, and > > > > > (b) is a fit and proper person to hold a licence, and > > > > > (c) each person with whom the person is in partnership in connection with the business concerned is a fit and proper person to hold a licence, and > > > > > (d) has the qualifications required for the issue of the licence, and > > > > > (e) is not a disqualified person, and > > > > > (f) has paid the application fee required by section 12. > > > (2) A corporation is eligible to hold a corporation licence only if the Secretary is satisfied that— > > > > > (a) the corporation is a fit and proper person to hold a licence, and > > > > > (b) each director of the corporation is a fit and proper person to hold a licence, and > > > > > (c) no director or executive officer (within the meaning of the Corporations Act) of the corporation is a disqualified person, and > > > > > (c1) the corporation is not a disqualified person, and > > > > > (d) at least one of the directors of the corporation holds a licence that a natural person is required to hold to carry on the business that the corporation carries on or proposes to carry on, and > > > > > (e) the corporation has paid the application fee required by section 12. > > **s 8:** Am 2006 No 33, Sch 1 \[2\]; 2025 No 17, Sch 1\[2\] \[3\].