50. A natural person who is the guarantor for a partnership or legal person that holds a contractor’s licence and is a member of one or more partnerships or a shareholder holding voting shares of one or more legal persons constituted for the purpose of construction work on a single construction project may, for the same licence subclasses held, apply for a contractor’s licence on behalf of those partnerships or legal persons. That partnership or legal person must not have waived the rights attaching to its participation or shares.