47Application for a licence

##### 47 Application for a licence (1) A person may apply to the Commission, in the prescribed form and manner, for a dealers licence or an investment advisers licence. (2) The Commission may require an applicant for a licence to give the Commission such further information in relation to the application as the Commission thinks necessary. (3) Subsections (1) and (2) of this section, and sections 48 to 48B (inclusive), as in force at and after the commencement of section 46 of the Co‑operative Scheme Legislation Amendment Act 1989 apply in relation to an application for a dealers licence or for an investment advisers licence that: (a) is made at or after that commencement; or (b) was made before that commencement but, as at that commencement, had been neither granted nor refused.