Queensland Consolidated Acts Queensland Consolidated ActsA person is eligible to obtain a pastoral house licence only if the person is a corporation and--
(a) the corporation is--
(i) a corporation within the meaning of the Corporations Act; and
(ii) the subject of an order under the Banking Act 1959 (Cwlth), section 11 to the effect that the provisions of that Act, other than section 63, do not apply to it; and
(iii) a registered corporation under the Financial Sector (Collection of Data) Act 2001 (Cwlth) included in the category for pastoral finance companies under that Act; and
(b) the corporation satisfies the chief executive that a director of the corporation is a pastoral house director.