Entitlement to be registered as sales representative subject to conditions relating to training and supervision
8B Entitlement to be registered as sales representative subject to conditions relating to training and supervision
Despite section 8A, a natural person who does not have the qualifications required by that section, but would otherwise be entitled to be registered as a sales representative, is entitled to be registered as a sales representative if—
the registration is made subject to conditions considered appropriate by the Commissioner relating to training to be undertaken by the person for the purpose of qualifying for unconditional registration as a sales representative; and
the Commissioner does not consider that such registration should be refused because of previous failure by the applicant to comply with a condition referred to in paragraph (a).
The Commissioner may, on application by the person and payment of the prescribed fee, or on the Commissioner's own initiative, by written notice, vary or revoke conditions of a person's registration under this section.
An agent who employs as a sales representative a person registered under this section must ensure that the person is properly supervised in that employment. Maximum penalty: Maximum penalty: $10 000.
Without limiting the effect of subsection (3), the regulations may provide that a sales representative will not be taken to be properly supervised for the purposes of that subsection unless certain practices specified in the regulations are followed.
The Commissioner may, by written notice, cancel the registration of a person registered under this section if the Commissioner is satisfied that the person has, without reasonable excuse, failed to comply with a condition of the registration.
This provision refers to the regulations (prescribed fee
, the regulations may provide
, specified in the regulations
). Made under this Act:
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