Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) A person is eligible for a travel agents licence only if the commissioner for fair trading is satisfied that—
(a) the travel agents board of trustees has decided that the person is eligible under the travel agents trust deed to be a compensation scheme participant; and
(b) the person has paid any amount payable under the travel agents trust deed as an initial contribution.
(2) This section does not apply to an individual applicant for a travel agents licence if the licence applied for is to be subject to a condition (an employee condition ) that the person carry on business as a travel agent only as an employee of a licensed travel agent who holds a travel agents licence that is not subject to an employee condition.