AU-3.1.3

Past version: Effective up to 30 Jun 2007
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To be considered "fit and proper", those nominated must demonstrate:

(a) personal integrity, honesty and good reputation;
(b) professional competence, experience and expertise, sufficient for the controlled function for which authorisation is being applied for, and given the scale, complexity and nature of the investment firm licensee concerned; and
(c) financial soundness.