Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) If the commissioner believes on reasonable grounds that the proposed transferee does not sufficiently understand the obligations of a licensee under this Act, the commissioner may transfer the licence subject to the condition that the proposed transferee undertake a stated approved training program in relation to the obligations within a reasonable stated time after the transfer of the licence.
(2) If the commissioner believes on reasonable grounds that a proposed transferee intends to hold the licence for a partnership, a reference in subsection (1) to the proposed transferee includes a reference to each of the partners the commissioner believes on reasonable grounds intends to be concerned in, or to take part in, the management of the partnership's business in relation to the licence, whether or not the partner's name appears on the application for the transfer of the licence.
(3) If a proposed transferee is a corporation, a reference in this section to the "proposed transferee" (including a reference under subsection (2) to a partner of the proposed transferee) includes a reference to a defined influential person in relation to the corporation.