Commissioner may rely on licence, approval etc under prescribed law
45 Commissioner may rely on licence, approval etc under prescribed law
The Commissioner may, if satisfied that a person is the holder of a licence, or is otherwise accredited or approved (however described), under a law prescribed by the regulations for the purposes of this section, do 1 or more of the following:
dispense with the requirement of the person to provide to the
Commissioner certain information that the Commissioner would otherwise require to determine a matter under this Act;
determine, without any further consideration, that the person—
is a fit and proper person to be the holder of a licence;
or
is a fit and proper person to be a director of a body corporate that is the holder of a licence; or
is a fit and proper person to be a responsible person;
or
has sufficient financial resources for the purpose of properly carrying on business under a licence.
The Commissioner may require a person to verify that the person is the holder of a licence or is otherwise accredited or approved (however described) under a prescribed law by statutory declaration.
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
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