Entire section
33. Exemption
35. Grant or rejection of application

34. Criteria for the grant of a Licence to carry on Regulated Activities

(1) The AFSA may only grant a Licence authorising a Centre Participant to carry on one or more Regulated Activities if it is satisfied that the Centre Participant:

  • (a) has adequate and appropriate resources, including financial resources;
  • (b) is fit and proper;
  • (c) is capable of being effectively supervised; and
  • (d) has adequate compliance arrangements, including policies and procedures, that will enable it to comply with all the applicable legal requirements.

(2) The AFSA may make Rules prescribing the matters to which the AFSA will have regard in making the above assessment.