Western Australian Consolidated Acts Western Australian Consolidated Acts (1) Subject to this
Act, a person, not being a body corporate who applies to the Commissioner for
a licence and pays to the chief executive officer the prescribed fee for the
licence shall be granted and may hold a licence if the Commissioner is
satisfied that —
(a) he
is resident in the State;
(b) he
is of or over the age of 18 years;
(c) he
is a person of good character and repute;
(ca) he
is a fit and proper person to hold a licence;
(d) he
has sufficient material and financial resources available to him to enable him
to comply with the requirements of this Act;
(e) he
understands fully the duties and obligations imposed by this Act on finance
brokers; and
(f) he
has such other qualifications and satisfies such other requirements (if any)
as may be prescribed by the regulations.
[Section 27 amended by No. 53 of 2004
s. 18.]