Varying fit and proper people

 

The online variation application will be pre-filled with the details of your ‘fit and proper people’ that we already hold. This means that your variation application will be pre-filled with:

  • the people that you listed in your licence application; and

  • if you are a company, any current directors and secretaries that have been appointed since your credit licence was granted.

For the people that were listed in your licence application (about whom we already hold information that is relevant to our decision) you can:

  • rely on the information that you previously provided to us and that is pre-filled in your variation application;

  • click on ‘Edit’ to update the information (e.g. if the person has changed their name, or has new experience that you want to refer to); or

  • if the person is no longer a director or secretary, remove them from your list of ‘fit and proper people’ by clicking on ‘Remove’. You will not be able to remove a person if they are a current officeholder on the Australian Company Register (you must first lodge Form 484 to make any necessary changes to your officeholders).

New ‘fit and proper people’who were not listed in your licence application (i.e. new officeholders that are pre-filled from the Australian Company Register and any people that you add to the list using the ‘Add’ function) will be listed with the status of ‘Incomplete’. You will need to click on ‘Edit’ to provide details about these people.

See RG 204.186–RG 204.219 for more details about the information you will be asked to provide, and how to complete this part of the application.

Supporting information about your ‘fit and proper people’

The people that were listed in your licence application (about whom we therefore already hold information that is relevant to our decision) will be listed with a status of ‘Complete’. You can either:

  • rely on the information that you previously provided to us and that is pre-filled in your variation application; or

  • click on ‘Edit’ to update the information.

For each new person you will need to:

  • complete the Statement of Personal Information;

  • provide any additional information to explain matters identified in the Statement of Personal Information;

  • provide background checks; and

  • if the person is identified as a responsible manager, complete details of their educational qualifications and previous employers.

For more information on completing the Statement of Personal Information and providing supporting documents, see Section E of RG 204.


This information comes from Regulatory Guide 204.

Last updated: 20/10/2014 12:00