Document ID: chunk:federal_register_of_legislation:F2024L01750:reg:91
Version: federal_register_of_legislation:F2024L01750
Segment Type: reg
Provision Reference: reg 91
Character Range: 114938–115917

91  When Regulator must open Register account
 (1) This section applies if a request under section 89 has been made for the Regulator to open a Register account in the applicant's name.
 (2) The Regulator must open a Register account in the name of the applicant if the Regulator is satisfied that:
 (a) the applicant is a fit and proper person; and
 (b) for each person in respect of which identity evidence is required to be included with the application—the identity of the person is verified in accordance with the identification procedures in Division 1 of Part 21; and
 (c) if the applicant is not an individual—each authorised representative of the applicant has sufficient authority to act on the applicant's behalf.
 (3) If the Regulator refuses to open a Register account in response to the request, the Regulator must give written notice of the decision to the applicant as soon as practicable after making the decision.

Subdivision C—Commonwealth Register accounts