Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies to the chief executive in assessing an approval application as mentioned in section 18 or 19.
(2) The chief executive must decide whether the approval applicant is suitable to be approved as the control body for the application code.
(3) For subsection (2), the chief executive must have regard to, and if necessary, investigate each of the following—
(a) the approval application, matters accompanying or included in the approval application as mentioned in section 11, and evidence given by the approval applicant in support of the application about the matters mentioned in section 12;
(b) the approval applicant's business reputation, current financial position and financial background;
(c) the suitability of every business associate and executive associate of the approval applicant to be associated with the approval applicant as a control body;
(d) if the approval applicant has a business association with another entity—
(i) the entity's character or business reputation; and
(ii) the entity's current financial position and financial background.
(4) In deciding about the suitability of a business associate or executive associate of the approval applicant, the chief executive must have regard to, and if necessary investigate, each of the following—
(a) the associate's character or business reputation;
(b) the associate's current financial position and financial background;
(c) if the associate has a business association with another entity—
(i) the entity's character or business reputation; and
(ii) the entity's current financial position and financial background.