43Registrar to license applicant or decline application

1. The Registrar must grant a licence to the applicant if, after considering or hearing any objection to the issue of a licence, the Registrar is satisfied that—

2. the applicant is entitled to be licensed as an agent, branch manager, or salesperson under section 36; and
3. the applicant is not prohibited from being licensed as an agent, branch manager, or salesperson under section 37; and
4. if the applicant is a company, any person who will be an officer of the company if the application is granted is, by reason of both his or her personal character and his or her financial position, a proper person to be an officer of a licensee company.

5. The Registrar, on granting the licence, must—

6. issue to the applicant 1 of the following classes of licence:
   1. an agent's licence; or
   2. a branch manager's licence; or
   3. a salesperson's licence; and
7. send to the applicant evidence of the issue of that licence, in the prescribed form; and
8. enter the applicant’s name in the register; and
9. issue a registration number to the applicant and notify the applicant as to what the registration number is.

10. If the Registrar is not satisfied that the applicant is entitled to be licensed as an agent, branch manager, or salesperson, the Registrar must—

11. decline the application; and
12. notify the applicant of the Registrar’s decision and the reasons for it; and
13. notify the applicant of his or her right of review by the Tribunal against the decision.