An activity that a person undertakes on behalf of a foreign principal is registrable in relation to the foreign principal if:
(a) the person is a recent designated position holder; and
(b) in undertaking the activity, the person contributes experience, knowledge, skills or contacts gained in the person's former capacity as a designated position holder; and
(c) the activity is not registrable in relation to the foreign principal under another provision of this Division; and
(d) the person is not exempt under Division 4 in relation to the activity.