sec.10Information about solvency of entities associated with applicant

sec.10 Information about solvency of entities associated with applicant

For section 13 (3) (c) (iv) of the Act , the following information is also prescribed— if the applicant is an individual—whether a close associate of the individual has been an insolvent under administration; if the applicant is a corporation—whether a related body corporate, under the Corporations Act , of the applicant— has executed a deed of company arrangement under the Corporations Act ; or is the subject of a winding-up, whether voluntarily or under a court order, under that Act ; or is the subject of an appointment of an administrator, liquidator, receiver or receiver and manager under that Act . In this section— close associate , of an individual, means— a spouse, de facto partner, parent, brother, sister or child of the individual; or a step-parent, stepbrother, stepsister or stepchild of the individual; or a member of the same household as the individual; or a person with whom the individual is in a partnership; or a person who is in a position to control or substantially influence the conduct of the individual. s 10 amd 2023 Act No. 23 s 247 sch 1 s 2 (2) (sec.10-ssec.1) For section 13 (3) (c) (iv) of the Act , the following information is also prescribed— if the applicant is an individual—whether a close associate of the individual has been an insolvent under administration; if the applicant is a corporation—whether a related body corporate, under the Corporations Act , of the applicant— has executed a deed of company arrangement under the Corporations Act ; or is the subject of a winding-up, whether voluntarily or under a court order, under that Act ; or is the subject of an appointment of an administrator, liquidator, receiver or receiver and manager under that Act . (sec.10-ssec.2) In this section— close associate , of an individual, means— a spouse, de facto partner, parent, brother, sister or child of the individual; or a step-parent, stepbrother, stepsister or stepchild of the individual; or a member of the same household as the individual; or a person with whom the individual is in a partnership; or a person who is in a position to control or substantially influence the conduct of the individual.

• (a) if the applicant is an individual—whether a close associate of the individual has been an insolvent under administration;
• (b) if the applicant is a corporation—whether a related body corporate, under the Corporations Act , of the applicant— (i) has executed a deed of company arrangement under the Corporations Act ; or (ii) is the subject of a winding-up, whether voluntarily or under a court order, under that Act ; or (iii) is the subject of an appointment of an administrator, liquidator, receiver or receiver and manager under that Act .
• (i) has executed a deed of company arrangement under the Corporations Act ; or