Document ID: chunk:federal_register_of_legislation:C2021C00522:clause:8_32
Version: federal_register_of_legislation:C2021C00522
Segment Type: clause
Provision Reference: sch 8 cl 32
Character Range: 64558–66026

32  Sections 66A‑1, 66A‑2 and 66A‑3
Repeal the sections, substitute:

66A‑2  Appointment of advisers
 (1) The Sanctions Principles may exclude a class of persons from being appointed as an adviser.
 (2) A person is not eligible to be appointed as an adviser in accordance with this section if the person is within a class of persons that the Sanctions Principles exclude from being appointed as an adviser.
 (3) If an approved provider has agreed to the appointment of an adviser in accordance with this section, the approved provider must appoint the adviser within the period specified in the agreement.
 (4) The Sanctions Principles may specify matters that the Secretary must take into account in specifying a period mentioned in subsection (3).

66A‑3  Appointment of administrators
 (1) The Sanctions Principles may exclude a class of persons from being appointed as an administrator.
 (2) A person is not eligible to be appointed as an administrator in accordance with this section if the person is within a class of persons that the Sanctions Principles exclude from being appointed as an administrator.
 (3) If an approved provider has agreed to the appointment of an administrator in accordance with this section, the approved provider must appoint the administrator within the period specified in the agreement.
 (4) The Sanctions Principles may specify matters that the Secretary must take into account in specifying a period mentioned in subsection (3).