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Fit and Proper Person  Form

Fit and Proper Person Form

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Instructions and help about Fit And Proper Person

in today's video we are going to discuss the obligations of fit and proper people when assessing a financial services application asek must be satisfied that the individuals involved with the applicant are fit and proper persons firstly let's look at who is a fit and proper person fit and proper people are any officers of a body corporate applicant entity any Partners or senior managers of a partnership applicant where the controller is a body corporate any officer of the controller any controller of the applicant any trustees or senior managers of a multiple trustee and where the controller is a partnership any partner or senior managers of the controller who is an officer of a company the corporations act defines who is considered an officer of the company the definition includes directors secretaries and individuals who participate in decisions that affect a significant part of the business or its finan cial standing officer can also include receiver of property admi

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