12Statement as to close associates of applicant for master licence

12 Statement as to close associates of applicant for master licence

12 Statement as to close associates of applicant for master licence

(1) An application for a master licence or for the renewal of a master licence must be accompanied by a written statement in the approved form, made by the applicant, specifying—

(a) that the applicant has made all reasonable inquiries to ascertain the information required to complete the statement, and

(b) the following information about any close associates of the applicant—

(i) if the associate is an individual—the individual’s name and date of birth,

(ii) if the associate is a proprietary company—the name and ACN of the company and the names of its directors and shareholders,

(iii) if the associate is any other kind of corporation—the name of the corporation, its ACN or ARBN (if any) and the names of the directors or members of its governing body,

(iv) if the associate is a partnership—the trading name of the partnership and the names of the partners (including any silent partners),

(v) if the associate is a trust—the names of the trustee or trustees and, if a trustee is a proprietary company or other corporation, the information referred to in subparagraphs (ii) and (iii) concerning its management and shareholders.

(2) The regulations may provide for exceptions to this section.

(3) In this section—

ACN, ARBN and proprietary company have the same meanings as they have in the Corporations Act 2001 of the Commonwealth.

s 12: Am 2017 No 14, Sch 1 [2]; 2022 No 10, Sch 1[6] [8].