Western Australian Consolidated Acts Western Australian Consolidated Acts Subject to this Act, a
body corporate which applies to the Board for a licence and pays to the
Board the prescribed fee for the licence shall be granted and may hold a
licence if the Board is satisfied that —
(a) all
of the directors of the body corporate, and all of the persons concerned in
the management or conduct of the body corporate, are persons of good character
and repute and are persons fit to be concerned as directors of, or in the
management and control of, an agent’s business;
(b) that
it has sufficient material and financial resources available to it to comply
with the requirements of this Act;
(c)
unless for good cause shown by the applicant the Board otherwise determines,
where there are not more than 3 directors of the body corporate at least
one of them is licensed or where there are more than 3 directors of the body
corporate at least 2 of them are licensed; and
(d) the
person in bona fide control of the business operated under the licence is
licensed.