sec.69Deciding transfer application

sec.69 Deciding transfer application

The regulator may decide to grant the application only if the regulator is satisfied the proposed transferee is a suitable person to hold the authority. For subsection (1) , the regulator may consider any suitability criteria to the extent it is relevant to the proposed transferee’s competence to hold the distribution authority. The regulator may, in granting the application, impose conditions on the authority. If the regulator decides to refuse the application or impose a condition on the authority, the regulator must, as soon as practicable, give the applicants an information notice about the decision. Subsection (4) does not apply for a condition that is the same, or is to the same effect, as a condition agreed to or requested by the applicants. (sec.69-ssec.1) The regulator may decide to grant the application only if the regulator is satisfied the proposed transferee is a suitable person to hold the authority. (sec.69-ssec.2) For subsection (1) , the regulator may consider any suitability criteria to the extent it is relevant to the proposed transferee’s competence to hold the distribution authority. (sec.69-ssec.3) The regulator may, in granting the application, impose conditions on the authority. (sec.69-ssec.4) If the regulator decides to refuse the application or impose a condition on the authority, the regulator must, as soon as practicable, give the applicants an information notice about the decision. (sec.69-ssec.5) Subsection (4) does not apply for a condition that is the same, or is to the same effect, as a condition agreed to or requested by the applicants.