New South Wales Consolidated Acts

HOME BUILDING ACT 1989 - SECT 105E

105E Application requirements

(1) An application for a licence is to be made in the manner and accompanied by the documents (if any) determined by the Authority.

(2) An application for a joint licence may be made by 2 or more persons.

(3) Without affecting the generality of subsection (1), an applicant for a licence may be required to furnish the following particulars and documents--

(a) particulars of the shareholders, directors and other managers of the applicant,

(b) previous returns and accounts under the Corporations Law , the Corporations Act 2001 of the Commonwealth and the Insurance Act 1973 of the Commonwealth,

(c) particulars of re-insurance arrangements to which the applicant is a party,

(d) a draft business plan under section 105S.

(4) In addition to the matter specified in subsection (3), an applicant for a licence as a licensed provider to provide cover under a fidelity fund scheme must furnish the following--

(a) particulars of all of the trustees of the fund,

(b) a copy of the trust deed for the fund certified in accordance with the requirements of the regulations (if any),

(c) particulars of any insurance arrangements to underwrite the liabilities of the Fund.

(5) A person who, in or in connection with an application for a licence, makes a statement knowing that it is false or misleading in a material particular is guilty of an offence.

: Maximum penalty--500 penalty units or imprisonment for 2 years, or both.