Superannuation (prudential standard) determination No. 4 of 2024
Criteria to determine if a responsible pCriteria to determine if a responsible person is fit and proper
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Criteria to determine if a responsible person is fit and proper
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An RSE licensee must clearly define and document the competencies required for each responsible person position.
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For the purposes of the SIS Act and for the purposes of determining whether a person is fit and proper to hold a responsible person position, the criteria are whether[13]:
(a) it would be prudent for an RSE licensee to conclude that the person possesses the competence, character, diligence, experience, honesty, integrity and judgement to perform properly the duties of the responsible person position;
(b) it would be prudent for an RSE licensee to conclude that the person possesses the education or technical qualifications, knowledge and skills relevant to the duties and responsibilities of an RSE licensee;
Image unavailable in extracted text(c) the person is not disqualified under the SIS Act from holding the position; and
(d) the person either:
(i) has no conflict in performing the duties of the responsible person position; or
(ii) if the person has a conflict, it would be prudent for an RSE licensee to conclude that the conflict will not create a material risk that the person will fail to perform properly the duties of the position.[14]