Document ID: chunk:federal_register_of_legislation:C2022C00218:clause:2_921zc
Version: federal_register_of_legislation:C2022C00218
Segment Type: clause
Provision Reference: sch 2 cl 921ZC
Character Range: 146692–148378

921ZC  Registration
 (1) Subject to subsections (2) and (3), if:
 (a) a person makes an application in accordance with section 921ZA or 921ZD; and
 (b) the Registrar is satisfied that the person's identity has been established;
the Registrar must register the person by recording in the records maintained under section 922A that the person is registered under this subsection.

Refusal to register person
 (2) The Registrar must refuse to register the person if:
 (a) a banning order is in force against the person that has the effect that the person is prohibited from providing personal advice to retail clients in relation to relevant financial products; or
 (b) a disqualification order under Division 8 is in force against the person that has the effect of disqualifying the person from providing personal advice to retail clients in relation to relevant financial products.
 (3) If a registration prohibition order is in force against the person, the Registrar must refuse to register the person until after the prohibition end day specified in the order.

Notice of new registration
 (4) If the person made an application in accordance with section 921ZA and the Registrar registers the person under subsection (1), the Registrar must give the person a written notice of the registration as soon as practicable after doing so.

Notice of refusal to register person
 (5) If the Registrar refuses to register the person, the Registrar must, within 5 business days after the refusal, give the person a written notice of the refusal.
 (6) The notice must specify which of the following provisions apply in relation to the person:
 (a) paragraph (2)(a) or (b);
 (b) subsection (3).