Information about solvency of entities associated with applicant
10 Information about solvency of entities associated with applicant
For section 13(3)(c)(iv) of the Act, the following information is also prescribed—
if the applicant is an individual—whether a close associate of the individual has been an insolvent under administration;
if the applicant is a corporation—whether a related body corporate, under the Corporations Act, of the applicant—
has executed a deed of company arrangement under the Corporations Act; or
is the subject of a winding-up, whether voluntarily or under a court order, under that Act; or
is the subject of an appointment of an administrator, liquidator, receiver or receiver and manager under that Act.
In this section—
close associate, of an individual, means—
a spouse, de facto partner, parent, brother, sister or child of the individual; or
a step-parent, stepbrother, stepsister or stepchild of the individual; or
a member of the same household as the individual; or
a person with whom the individual is in a partnership; or
a person who is in a position to control or substantially influence the conduct of the individual.
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