(1) An issuing body may issue a maritime labour certificate for a vessel if:
(a) an application for the certificate has been made under section 43; and
(b) the issuing body is satisfied that the criteria prescribed by the regulations are met in relation to the issue of the certificate.
(2) A maritime labour certificate is subject to:
(a) the conditions (if any) prescribed by the regulations; and
(b) the conditions (if any) imposed by the issuing body.