[ARCHIVE] Fit and proper person criteria

Note: This article is out of date and has been archived.

Please refer to the Accreditation guidelines for the most up to date information.

Archived Text

Question

What associated persons are required to be disclosed for the purposes of the fit and proper person  criteria?

Answer

Applicants need to consider and identify which persons within their organisation make decisions that affect the management of CDR data. These persons may include a director or secretary, including directors or secretaries of a subsidiary or holding company, operations managers and any other staff who have influence over the work that is undertaken that can affect or influence the management of CDR data.

When determining who an associated person or entity is within the applicant’s organisation applicants should also refer to the Corporations Act 2001 (Cth) which sets out the definition of associate and associated entity. The definitions include a wide group of individual and corporate persons that are associated with the applicant, including related entities or persons who belong to overseas related entities.

Further information on this criteria including an example to assist in determining associated persons can be found in section 5.2 of the Accreditation Guidelines.