Section 154A: Matters related to fit and proper person

154A. Matters related to fit and proper person requirements (1) In determining whether a person is a fit and proper person under this Act, the Authority shall consider – (a) whether that person has been convicted of, or is subject to an investigation or court proceedings in relation to, a serious offence; (b) whether that person has been adjudged bankrupt or is the subject of bankruptcy proceedings; (c) the financial standing of that person; (d) whether that person is insolvent or is the subject of insolvency proceedings; (e) whether that person is the subject of any process, investigation or proceedings under customs or revenue law; (f) whether that person is able to perform any function he has been entrusted properly, efficiently, honestly and fairly; or (g) the reputation, character, financial integrity and reliability of that person. (2) For the purpose of this section, the Authority may have regard to any other information in its possession. (3) In this section – “serious offence” means murder, manslaughter, an offence involving fraud or dishonesty, a drug-related offence or a sexual offence. Acts 2022 309