Applicant to be financially capable of carrying on relevant service
10 Applicant to be financially capable of carrying on relevant service
The applicant must be financially capable of carrying on the relevant service.
Evidence of the applicant’s financial standing is to be provided in the form of a signed statement from a qualified accountant (other than an employee of the applicant), on the accountant’s business letterhead, containing the following—
a report on the applicant’s financial capacity to carry on the relevant service, with specific reference to the applicant’s financial ability to meet the requirements of this Regulation and other relevant laws as to—
vehicle maintenance and roadworthiness, and
the safety of drivers, passengers and the public, and
the operation of a business,
a statement specifying the number of public passenger vehicles that, in the opinion of the accountant, can be accommodated by the service proposed to be carried on by the applicant,
if the applicant is a corporation—a statement of the accountant’s opinion as to the solvency and general financial standing of the corporation.
(Repealed)
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