(1) The Executive Director must grant an application for registration for a registration year if the Executive Director is satisfied that the application is in accordance with paragraph 16(2)(a), subsection 16(3) and section 167.
(2) If the Executive Director grants an application, the Executive Director must:
(a) give written notice to the person of the decision to grant the registration; and
(b) allocate a registration number to the person; and
(c) enter on the Register the information mentioned in section 15 for the person.
(3) Subject to subsection (4), a person's registration takes effect at the start of the registration year to which it relates.
(4) If a person makes an application for registration after the start of the registration year to which the registration relates, the person's registration takes effect from the day the registration is granted.