87Fit and proper person

87 Fit and proper person

87 Fit and proper person

(1) For this division—

(a) an individual may not be a fit and proper person if the individual—

(i) has, in the previous 10 years, been found guilty of an offence involving fraud or dishonesty, whether in New South Wales or elsewhere, or

(ii) has been found guilty of an offence under the Act, this regulation or the repealed regulation, and

(b) a corporation may not be a fit and proper person if a person who is a director of the corporation or otherwise involved in the management of the corporation—

(i) has, in the previous 10 years, been found guilty of an offence involving fraud or dishonesty, whether in New South Wales or elsewhere, or

(ii) has been found guilty of an offence under the Act, this regulation or the repealed regulation.

(2) This section does not limit the grounds on which the Scheme Administrator may be satisfied a person is not a fit and proper person.