A company is entitled to hold registration as a conveyancer if:
- it is not suspended or disqualified from practising or carrying on an occupation, trade or business;
- it is not under official management, in receivership or being wound up;
- each director has not been, in the last five years, a director of a company wound up for the benefit of creditors when the body was being so wound up; or within the period of six months preceding the commencement of the winding up;
- each director is not suspended or disqualified from practising or carrying on an occupation, trade or business;
- each director has not been convicted of an offence of dishonesty.
In addition the Memorandum and Articles of Association of the company must contain certain stipulations as provided under the Act.
A conveyancing company must, at all times when carrying on business as a conveyancer, hold professional indemnity insurance with an insurance provider approved by the Commissioner.