sec.9Certificate of financial stability

sec.9 Certificate of financial stability

The Minister may, under section 7 (2) , require an investigated person who is an individual to give to the Minister a certificate— signed by an accountant; and containing the accountant’s name and address; and stating that the accountant— has examined the individual’s financial affairs; and is of the opinion that the individual is of sound and stable financial background. In this section— accountant means— a member of the Institute of Chartered Accountants in Australia who holds a current certificate of public practice issued by the institute; or a member of the Australian Society of Certified Practising Accountants who holds a current public practice certificate issued by the society; or a member of the Institute of Public Accountants who holds a current public practice certificate issued by the institute; or a person approved by the chief executive as having the necessary experience or qualifications to certify a certificate of financial stability. s 9 amd 2011 SL No. 190 s 15 (sec.9-ssec.1) The Minister may, under section 7 (2) , require an investigated person who is an individual to give to the Minister a certificate— signed by an accountant; and containing the accountant’s name and address; and stating that the accountant— has examined the individual’s financial affairs; and is of the opinion that the individual is of sound and stable financial background. (sec.9-ssec.2) In this section— accountant means— a member of the Institute of Chartered Accountants in Australia who holds a current certificate of public practice issued by the institute; or a member of the Australian Society of Certified Practising Accountants who holds a current public practice certificate issued by the society; or a member of the Institute of Public Accountants who holds a current public practice certificate issued by the institute; or a person approved by the chief executive as having the necessary experience or qualifications to certify a certificate of financial stability.

• (a) signed by an accountant; and
• (b) containing the accountant’s name and address; and
• (c) stating that the accountant— (i) has examined the individual’s financial affairs; and (ii) is of the opinion that the individual is of sound and stable financial background.
• (i) has examined the individual’s financial affairs; and
• (ii) is of the opinion that the individual is of sound and stable financial background.
• (i) has examined the individual’s financial affairs; and
• (ii) is of the opinion that the individual is of sound and stable financial background.
• (a) a member of the Institute of Chartered Accountants in Australia who holds a current certificate of public practice issued by the institute; or
• (b) a member of the Australian Society of Certified Practising Accountants who holds a current public practice certificate issued by the society; or