SCHEDULES
SCHEDULE 11Licensing rules
Part 2Structural requirements
Head of Finance and Administration
I113
1
Licensing rules must include the following requirements.
2
A licensed body must at all times have an individual—
a
who is designated as Head of Finance and Administration, and
b
whose designation is approved by the licensing authority.
3
A designation of an individual as Head of Finance and Administration has effect only while the individual—
a
consents to the designation, and
b
is not under this Part of this Act disqualified from acting as Head of Finance and Administration of a licensed body.
4
The licensing authority may approve a person's designation only if it is satisfied that the person is a fit and proper person to carry out the duties imposed by section 92 in relation to that body.
5
The licensing authority may approve a person's designation in the course of determining an application for a licence under section 84.
6
If the licensing authority is satisfied that the person designated as a licensed body's Head of Finance and Administration has breached a duty imposed by section 92, it may withdraw its approval of that person's designation.