Document ID: chunk:federal_register_of_legislation:C2016A00011:schedule:2:p21
Version: federal_register_of_legislation:C2016A00011
Segment Type: schedule
Provision Reference: sch 2 (pt 21/59)
Character Range: 61055–64016

out the knowledge and experience that a prescribed body must be satisfied a person has before making an appointment under paragraph (2)(b).
Note 2: Section 50‑10 sets out the matters of which the Minister must be satisfied before making an appointment under paragraph (2)(c).

40‑80  Inspector‑General must refer applications to a committee
 (1) The Inspector‑General must refer an application that is properly made under section 40‑70 to a committee convened under section 40‑75 for consideration.
 (2) The Inspector‑General must do so within 2 months after receiving the application.

40‑85  Committee to consider applications
 (1) If an application is referred to a committee, the committee must consider the application.
 (2) Unless the applicant otherwise agrees, the committee must interview the applicant for the purposes of considering the application.
 (3) Within 10 business days after interviewing the applicant or obtaining the agreement of the applicant as referred to in subsection (2), the committee must:
 (a) decide whether the suspension should be lifted, or the period of the suspension shortened; and
 (b) if the period of the suspension is to be shortened—specify when the suspension is to end.

40‑90  Committee to report
  The committee must give the applicant and the Inspector‑General a report setting out:
 (a) the committee's decision on the application; and
 (b) the committee's reasons for that decision; and
 (c) if the committee decides that the period of the suspension should be shortened—when the suspension is to end.

40‑95  Committee's decision given effect
  If the committee decides that a suspension is to be lifted or shortened, the suspension is lifted or shortened in accordance with the decision.

Subdivision G—Action initiated by industry body

40‑100  Notice by industry bodies of possible grounds for disciplinary action

Industry body may lodge notice
 (1) An industry body may lodge with the Inspector‑General a notice in the approved form (an industry notice):
 (a) stating that the body reasonably suspects that there are grounds for the Inspector‑General:
 (i) to suspend the registration of a registered trustee under section 40‑25; or
 (ii) to cancel the registration of a registered trustee under section 40‑30; or
 (iii) to give a registered trustee a notice under section 40‑40 (a show‑cause notice); or
 (iv) to impose a condition on a registered trustee under another provision of this Schedule; and
 (b) identifying the registered trustee; and
 (c) including the information and copies of any documents upon which the suspicion is founded.

Inspector‑General must consider information and documents
 (2) The Inspector‑General must consider the information and the copies of any documents included with the industry notice.

Inspector‑General must give notice if no action to be taken
 (3) If, after such consideration, the Inspector‑General decides to take no action in relation to the matters raised