A person is qualified to be granted a general auctioneer licence if –

(a) the person's name has been in Part 3 of the Register at any time during the 5-year period immediately preceding the licence application; or

(b) in the case of a natural person, the person –

(i) has the prescribed educational qualifications; or

(ii) satisfies the Board, by examination or inquiry, that the person has sufficient knowledge and experience of general auctioneering business to be able to carry on that business; or

(c) in the case of a company, one of its directors holds a general auctioneer licence; or

(d) the person –

(i) has, at any time during the 5-year period immediately preceding the application, been authorised under the law of another State or a Territory of Australia to carry on general auctioneering business in that State or Territory; and

(ii) has been employed full time in general auctioneering business in another State or a Territory of Australia for a total period of at least 2 years during the 5-year period immediately preceding the licence application; and

(iii) except in the case of a company, has satisfied the Board, by examination or inquiry, that he or she has sufficient knowledge and experience of general auctioneering business to be able to carry on that business.