45Registration for RVCS

#### 45 Registration for RVCS (1) On receipt of an application under regulation 44, the Minister must: (a) if the application complies with that regulation—register the applicant as an RVCS participant; or (b) if the application does not so comply—refuse to register the applicant. (2) The Minister must tell the applicant (or, if the applicant has nominated a sponsor, the applicant’s sponsor) in writing, of the Minister’s decision under subregulation (1) and, if the decision is to refuse registration, give reasons for the decision. (3) The Minister must assign a distinguishing number to a registered RVCS participant.