- Must be of good character and repute and fit and proper person
- Must not be currently Bankrupt, or subject to control under the Bankruptcy Act 1966
- Must not have a charge pending involving fraud or dishonesty or found to have committed an offence concerning fraud or dishonesty
- Must not be an externally- administered body corporate
- Must be of over 18 years of age
- Must reside in Australia holding either Australian or New Zealand citizenship or are a permanent resident of Australia