Insolvency Practitioners Regulation Act 2019

Subpart 2—Registrar may prescribe licensing and other matters

22 Registrar may prescribe licensing and other matters

(1)

The Registrar may, by notice, prescribe—

(a)

the minimum standards for licensing (including standards relating to required competence, qualifications, and experience) that a person must meet in order to be issued with a licence by an accredited body; and

(b)

conditions, or the kinds of conditions, to which licences—

(i)

must be subject; and

(ii)

may be subject if the accredited body thinks fit; and

(c)

requirements for ongoing competence that must be complied with by persons who are issued with a licence; and

(d)

the minimum standards for accreditation (including standards relating to the adequacy and effectiveness of regulatory systems) that an applicant must meet in order to be granted accreditation by the Registrar; and

(e)

the procedure that accredited bodies and disciplinary bodies of accredited bodies must follow when performing regulatory functions; and

(f)

transitional requirements for the purposes of transitional licences under Schedule 1 (including requirements relating to required competence, qualifications, and experience).

(2)

Matters prescribed may—

(a)

have general or specific application; and

(b)

differ according to differences in time or circumstance.

(3)

Conditions prescribed under subsection (1)(b)(ii) may relate to a licensed insolvency practitioner carrying out solvent company liquidations.

(4)

A notice under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Compare: 2011 No 21 s 32

Legislation Act 2019 requirements for secondary legislation made under this section
PublicationThe maker must: LA19 ss 73, 74(1)(a), Sch 1 cl 14
• publish it in the Gazette
• ensure that an up-to-date version of it is available at all reasonable times on a website maintained by or on behalf of the maker
PresentationThe Minister must present it to the House of RepresentativesLA19 s 114, Sch 1 cl 32(1)(a)
DisallowanceIt may be disallowed by the House of RepresentativesLA19 ss 115, 116
This note is not part of the Act.

Section 22(1): amended, on 28 October 2021, by section 3 of the Secondary Legislation Act 2021 (2021 No 7).

Section 22(4): inserted, on 28 October 2021, by section 3 of the Secondary Legislation Act 2021 (2021 No 7).