Document ID: chunk:federal_register_of_legislation:C2025C00185:section:795b:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 795B (pt 2/2)
Character Range: 3107251–3108072

appropriate ways; and
 (e) no unacceptable control situation (see Division 1 of Part 7.4) is likely to result if the licence is granted; and
 (f) no disqualified individual appears to be involved in the applicant (see Division 2 of Part 7.4); and
 (g) any other requirements that are prescribed by regulations made for the purposes of this paragraph are satisfied.
This subsection has effect subject to subsection (3).
Note: ASIC must also have regard to the matters in section 798A in deciding whether to grant a licence.

Foreign bodies
 (3) If the applicant is a foreign body corporate, ASIC:
 (a) must not grant the applicant a licence unless the applicant is registered under Division 2 of Part 5B.2; and
 (b) may otherwise grant a licence under either subsection (1) or (2) (if the relevant criteria are satisfied).