Australian Capital Territory Consolidated Acts(1) The commissioner for fair trading must not issue or vary a licence unless—
(a) satisfied that—
(i) the applicant is eligible to hold the licence; and
Note Eligibility for employee and trainer licences is dealt with in s 24.
(ii) the applicant has satisfactorily completed a training course, or has experience or other training that is equivalent, or substantially equivalent, to completion of a training course, prescribed under the regulations for the licence applied for; and
(iii) the applicant satisfies any condition prescribed under the regulations for the licence; and
(iv) it is otherwise in the public interest to license the applicant; and
(b) the applicant—
(i) if the applicant is an individual—is an adult; and
(ii) if competency standards are prescribed under the regulations—has satisfied the standards.
(2) This section is subject to section 26 (Temporary licences).
(3) In this section:
"applicant"—
(a) for an application for a master licence—includes a close associate of the applicant; and
(b) if the applicant is a corporation—includes each executive officer of the corporation; and
(c) if the applicant is a partnership—includes each partner.
"close associate"—see section 22.
"executive officer", of a corporation, means a person, by whatever name called and whether or not the person is a director of the corporation, who is concerned with, or takes part in, the corporation's management.