14Eligibility for a licence or certificate of registration

#### 14 Eligibility for a licence or certificate of registration 14 Eligibility for a licence or certificate of registration > > (1) An individual is eligible to hold a licence only if the Secretary is satisfied that the individual— > > > > > (a) is at least 18 years of age, and > > > > > (b) is a fit and proper person to hold a licence and each person with whom the individual is in partnership in connection with the business concerned is a fit and proper person to hold a licence, and > > > > > (c) has the qualifications required for the issue of the licence or class of licence, and > > > > > (d) is not a disqualified person, and > > > > > (e) has paid such part of any contribution or levy payable under Part 10 (Compensation Fund) as is due and payable on the granting of the licence. > > > (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) the corporation, and each officer (within the meaning of the Corporations Act) of 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 such part of any contribution or levy payable under Part 10 (Compensation Fund) as is due and payable on the granting of the licence. > > > (3) A person is eligible to hold a certificate of registration only if the Secretary is satisfied that the person— > > > > > (a) is an individual who is at least 16 years of age, and > > > > > (b) is a fit and proper person to hold a certificate of registration, and > > > > > (c) has the qualifications required for the issue of a certificate of registration of the type concerned, and > > > > > (d) is not a disqualified person. > > > > Note. > > > > The grounds of disqualification in section 16 (1A) do not disqualify a person from eligibility to hold a certificate of registration. > > > (4) The requirement that at least one of the directors of a 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 does not require a director to be accredited as an auctioneer under section 21 merely because the corporation carries on or proposes to carry on the business of an auctioneer. > > **s 14:** Am 2006 No 4, Sch 1 \[1\] \[2\]; 2007 No 27, Sch 1.44 \[2\]; 2008 No 114, Sch 2.22; 2018 No 5, Sch 1\[20\].