Insolvency Practitioners Regulation Act 2019

Subpart 4—Accreditation

34 Registrar may grant accreditation

(1)

The following may apply to the Registrar to become an accredited body:

(a)

a person:

(b)

2 or more persons acting jointly together.

(2)

An application must be made in the manner that is specified by the Registrar and be accompanied by payment of the prescribed fee for the application (if any).

(3)

The Registrar must grant accreditation to the applicant if the Registrar is satisfied that—

(a)

the applicant will implement and maintain regulatory systems that are adequate and effective; and

(b)

the applicant meets the minimum standards prescribed under section 22(1)(d); and

(c)

if the applicant is a person, the person is a fit and proper person to perform regulatory functions for the purposes of this Act; and

(d)

if the applicant is 2 or more persons acting jointly together, each person is a fit and proper person to perform regulatory functions for the purposes of this Act.

(4)

An applicant must provide to the Registrar any information that is required by the Registrar to assist the Registrar in determining the application.

Compare: 2011 No 21 s 48