Suitability of business and executive associates
13 Suitability of business and executive associates
In deciding whether a business or executive associate of an applicant for a primary licence is a suitable person to be associated with the operations of the holder of a licence of the relevant type, the Minister may have regard to the following matters—
the person’s character or business reputation;
the person’s current financial position and financial background;
if the person has a business association with another entity—
the entity’s character or business reputation; and
the entity’s current financial position and financial background;
any other matters prescribed under a regulation.
This provision refers to the regulations (a regulation
). Made under this Act:
This Act’s bill:Explanatory memorandum
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.