20Application for grant of licence

20 Application for grant of licence

(1) Before granting a management and investment company licence under this Part, the Board shall publish, in the Gazette and in such newspapers as the Board thinks appropriate, a notice stating that any Australian company may, not later than the date specified in the notice (not being earlier than 28 days after publication of the notice in the Gazette), lodge with the Board an application for the grant of a management and investment company licence, together with a declaration referred to in subsection (3), if required. (2) There shall be specified in an application for a licence under subsection (1): (a) the names, addresses and occupations of the officers of the applicant; (b) the qualifications and previous experience of the officers of the applicant relevant to the effective management of the applicant if granted the licence; (c) the amounts of the authorised and paid‑up share capital of the applicant; (d) the amount for which the approval of the Board is sought by the applicant as approved capital of the applicant for the purposes of this Act; (e) the full name and address of any person who holds a substantial ownership interest in the applicant; (f) the investment plans proposed to be implemented by the applicant if granted the licence, including the name and address of any business entity in which the applicant proposes to acquire prescribed interests and particulars of those interests; (g) the address of the registered office of the applicant; and (j) such other matters, if any, as are prescribed or as the applicant considers relevant to the application. (4) The Board may require an applicant under subsection (1) to furnish to the Board such further information, including further information with respect to the matters set out in subsection (2), as the Board considers necessary for the purpose of deciding the application, and the Board may refuse to consider the application further until the information is furnished.