Document ID: chunk:federal_register_of_legislation:C2023C00080:clause:3_5
Version: federal_register_of_legislation:C2023C00080
Segment Type: clause
Provision Reference: sch 3 cl 5
Character Range: 249179–249928

5  At the end of section 30A
Add:

Prescribed ground
 (5) The Regulator may, by written notice, suspend the registration of a registered person if the Regulator is satisfied that the registered person is not a fit and proper person.
 (5A) For the purposes of subsection (5), in determining whether the registered person is a fit and proper person, the Regulator:
 (a) must have regard to the matters specified in regulations made for the purposes of this subsection; and
 (b) may have regard to such other matters (if any) as the Regulator considers relevant.
 (6) The registration is suspended for such period (including permanently) as the Regulator considers appropriate in all of the circumstances. That period must be specified in the notice.