24Scheme administration agreements

24 Scheme administration agreements

24 Scheme administration agreements

(1) The Minister may enter into written agreements (Scheme administration agreements) with persons in connection with the management and administration of the Scheme.

(2) There are the following types of Scheme administration agreement—

(a) a Scheme Coordinator agreement,

(b) a network operator agreement.

(3) The Minister may invite applications for Scheme administration agreements in any manner the Minister considers appropriate.

(4) An application for a Scheme administration agreement must be accompanied by the fee prescribed by or determined under the regulations.

(5) In determining whether to enter into a Scheme administration agreement, the Minister—

(a) must consider whether the applicant is a fit and proper person to enter into, and fulfil the obligations imposed by, the agreement, and

(b) may consider any other matters the Minister considers relevant.

(6) The regulations may provide for the matters that the Minister may consider in determining whether an applicant is a fit and proper person for the purposes of subsection (5).

(7) Subsection (6) does not limit the matters that the Minister may consider in determining whether a person is a fit and proper person for the purposes of subsection (5).

s 24: Ins 2016 No 57, Sch 1 [3].