Document ID: chunk:federal_register_of_legislation:C2020A00003:clause:4_30
Version: federal_register_of_legislation:C2020A00003
Segment Type: clause
Provision Reference: sch 4 cl 30
Character Range: 94033–95251

30  Paragraph 80(1)(f)
Repeal the paragraph, substitute:
 (f) if ASIC has reason to believe that the person is not a fit and proper person to:
 (i) engage in one or more credit activities; or
 (ii) perform one or more functions as an officer (within the meaning of the Corporations Act 2001) of another person who engages in credit activities; or
 (iii) control another person who engages in credit activities; or
 (fa) if ASIC has reason to believe that the person is not adequately trained, or is not competent, to:
 (i) engage in one or more credit activities; or
 (ii) perform one or more functions as an officer (within the meaning of the Corporations Act 2001) of another person who engages in credit activities; or
 (iii) control another person who engages in credit activities; or
 (fb) if the person has, at least twice, been linked to a refusal or failure to give effect to a determination made by AFCA (as defined in section 910C of the Corporations Act 2001) relating to a complaint that relates to:
 (i) credit activities; or
 (ii) a financial services business (within the meaning of the Corporations Act 2001); or
 (fc) if subsection (3) applies to the person in relation to 2 or more corporations; or