sec.112Suitability of applicants for, and holders of, suppliers’ licences

### sec.112 Suitability of applicants for, and holders of, suppliers’ licences This section applies to the commissioner in deciding whether— an applicant (the involved body ) for a monitoring operator’s licence, or a licensed monitoring operator (also the involved body ), is a suitable person to hold a monitoring operator’s licence; or an applicant (also the involved body ) for a major dealer’s licence, or a licensed major dealer (also the involved body ), is a suitable person to hold a major dealer’s licence; or an applicant (also the involved body ) for a secondary dealer’s licence, or a licensed secondary dealer (also the involved body ), is a suitable person to hold a secondary dealer’s licence; or an applicant (also the involved body ) for a testing facility operator’s licence, or a licensed testing facility operator (also the involved body ), is a suitable person to hold a testing facility operator’s licence. The commissioner must have regard to the following issues— the involved body’s business reputation; the involved body’s current financial position and financial background; for the secretary and each executive officer of the involved body— the person’s character; and the person’s current financial position and financial background; the involved body’s general suitability to hold a supplier’s licence of the kind applied for, or held, by the involved body; whether the involved body has, or has arranged, a satisfactory ownership, trust or corporate structure; whether the involved body has, or is able to obtain, enough financial resources to ensure the financial viability of operations conducted under a supplier’s licence of the kind applied for, or held, by the involved body; whether the involved body has, or is able to obtain, the services of persons with appropriate business ability, knowledge or experience to enable the involved body to successfully conduct operations under a supplier’s licence of the kind applied for, or held, by the involved body; if the involved body 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 issue prescribed under a regulation. s 112 ins 1997 No. 24 s 13 amd 1999 No. 77 s 38 ; 2008 No. 2 s 38 ; 2012 No. 25 s 109 (1) (sec.112-ssec.1) This section applies to the commissioner in deciding whether— an applicant (the involved body ) for a monitoring operator’s licence, or a licensed monitoring operator (also the involved body ), is a suitable person to hold a monitoring operator’s licence; or an applicant (also the involved body ) for a major dealer’s licence, or a licensed major dealer (also the involved body ), is a suitable person to hold a major dealer’s licence; or an applicant (also the involved body ) for a secondary dealer’s licence, or a licensed secondary dealer (also the involved body ), is a suitable person to hold a secondary dealer’s licence; or an applicant (also the involved body ) for a testing facility operator’s licence, or a licensed testing facility operator (also the involved body ), is a suitable person to hold a testing facility operator’s licence. (sec.112-ssec.2) The commissioner must have regard to the following issues— the involved body’s business reputation; the involved body’s current financial position and financial background; for the secretary and each executive officer of the involved body— the person’s character; and the person’s current financial position and financial background; the involved body’s general suitability to hold a supplier’s licence of the kind applied for, or held, by the involved body; whether the involved body has, or has arranged, a satisfactory ownership, trust or corporate structure; whether the involved body has, or is able to obtain, enough financial resources to ensure the financial viability of operations conducted under a supplier’s licence of the kind applied for, or held, by the involved body; whether the involved body has, or is able to obtain, the services of persons with appropriate business ability, knowledge or experience to enable the involved body to successfully conduct operations under a supplier’s licence of the kind applied for, or held, by the involved body; if the involved body 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 issue prescribed under a regulation. - (a) an applicant (the involved body ) for a monitoring operator’s licence, or a licensed monitoring operator (also the involved body ), is a suitable person to hold a monitoring operator’s licence; or - (b) an applicant (also the involved body ) for a major dealer’s licence, or a licensed major dealer (also the involved body ), is a suitable person to hold a major dealer’s licence; or - (c) an applicant (also the involved body ) for a secondary dealer’s licence, or a licensed secondary dealer (also the involved body ), is a suitable person to hold a secondary dealer’s licence; or - (d) an applicant (also the involved body ) for a testing facility operator’s licence, or a licensed testing facility operator (also the involved body ), is a suitable person to hold a testing facility operator’s licence. - (a) the involved body’s business reputation; - (b) the involved body’s current financial position and financial background; - (c) for the secretary and each executive officer of the involved body— (i) the person’s character; and (ii) the person’s current financial position and financial background; - (i) the person’s character; and - (ii) the person’s current financial position and financial background; - (d) the involved body’s general suitability to hold a supplier’s licence of the kind applied for, or held, by the involved body; - (e) whether the involved body has, or has arranged, a satisfactory ownership, trust or corporate structure; - (f) whether the involved body has, or is able to obtain, enough financial resources to ensure the financial viability of operations conducted under a supplier’s licence of the kind applied for, or held, by the involved body; - (g) whether the involved body has, or is able to obtain, the services of persons with appropriate business ability, knowledge or experience to enable the involved body to successfully conduct operations under a supplier’s licence of the kind applied for, or held, by the involved body; - (h) if the involved body has a business association with another entity— (i) the entity’s character or business reputation; and (ii) the entity’s current financial position and financial background; - (i) the entity’s character or business reputation; and - (ii) the entity’s current financial position and financial background; - (i) any other issue prescribed under a regulation. - (i) the person’s character; and - (ii) the person’s current financial position and financial background; - (i) the entity’s character or business reputation; and - (ii) the entity’s current financial position and financial background;