Building Act 1993

(1) After receiving an application made by an individual under section 24A(2), the Practitioners Board must register the individual as a building contractor in the sub-category or sub-categories specified in the application if satisfied the individual:

(a) is a fit and proper person to be registered in each sub‑category; and

(b) has the relevant qualifications and experience (if any) determined under section 24G(a) for each sub‑category; and

(c) currently holds, and during the period of registration will continue to hold, the net financial assets prescribed by regulation for each sub‑category; and

(d) has complied with any conditions for registration prescribed by regulation; and

(2) After receiving an application made by a corporation under section 24A(3), the Practitioners Board must register the corporation as a building contractor in the sub-category or sub‑categories specified in the application if satisfied:

(ii) will provide adequate supervision of the building work carried out by the corporation; and

(b) each director of the corporation who is not registered in a sub‑category specified in the application would be a fit and proper person to be so registered if the director had applied personally for the registration; and

(c) the corporation currently holds, and during the period of registration will continue to hold, the net financial assets prescribed by regulation for each sub‑category; and

(d) the corporation has complied with any conditions for registration prescribed by regulation; and

(3) Without limiting subsection (1)(d) or (2)(d), a regulation may prescribe a condition requiring the applicant for registration to hold an insurance policy of a type (which may include a professional indemnity policy) or for an amount, or both, determined under section 24G(c).