Document ID: chunk:federal_register_of_legislation:F2025C00180:reg:55
Version: federal_register_of_legislation:F2025C00180
Segment Type: reg
Provision Reference: reg 55
Character Range: 96722–97923

55  Simplified outline of this Part

      There are certain requirements for the form of agreement needed before participating institutions or groups of institutions can be declared.
      Also, an institution can be declared a participating institution only if there are reasonable grounds for expecting the institution's liabilities and obligations arising from the declaration will be met.
      All existing and proposed new members of a participating group, and the representative for the group, must agree before the declaration of the group can be varied to add a new member.
      Before revoking a declaration of a participating institution, or a representative for a defunct non‑government institution, unincorporated lone institution or participating group, the Minister must generally seek the views of the declared institution or representative about why the declaration should not be revoked.
      There are limits on who can be a representative, to prevent there being multiple different representatives with powers, functions, duties, or other responsibilities, relating to a particular institution.

Division 2—Participating institutions

Subdivision A—Participating institutions