Document ID: chunk:federal_register_of_legislation:F2024C00112:reg:102
Version: federal_register_of_legislation:F2024C00112
Segment Type: reg
Provision Reference: reg 102
Character Range: 152209–153451

102  Conditions about conflicts of interest
 (1) It is a condition of an AVV approval that:
 (a) the holder of the approval must not apply for a RAW approval; and
 (b) the holder of the approval and its key management personnel must not acquire shares or any other financial interest in a corporation that holds a RAW approval.
 (2) It is a condition of an AVV approval that the holder of the approval must:
 (a) have in place effective arrangements to reduce the likelihood that conflicts of interest will arise in relation to activities undertaken under the AVV approval, and to ensure that any such conflicts that arise are appropriately managed; and
 (b) comply with those arrangements; and
 (c) when requested in writing by the Secretary or an inspector and within such reasonable time as is specified in the request, provide evidence that those arrangements are in place.
 (3) It is a condition of an AVV approval that the holder of the approval must not inspect or verify a road vehicle under the AVV approval if:
 (a) the holder of the approval; or
 (b) a member of:
 (i) the key management personnel of the holder of the approval; or
 (ii) the staff of the holder of the approval;
owns, or has a financial interest in, the vehicle.