(1) This regulation applies to a person who, on and after 1 November 2003—
(a) is employed by a licensed real estate, stock and station or business agent; and
(b) does not hold a statement of attainment, or qualification, issued by a registered training organisation entitling the person to be a registered salesperson; and
(c) is enrolled in the units of competency mentioned in schedule 2 with a registered training organisation for registration as a salesperson employed by a licensed real estate, stock and station or business agent.
(2) The commissioner for fair trading may register the person as a registered salesperson subject to the condition that the person obtain a statement of attainment, or qualification, issued by a registered training organisation certifying that the person has competency in each of the units set out in schedule 2 before 1 November 2004.