45—Commissioner may rely on licence, approval etc under prescribed law
(1) The Commissioner
may, if satisfied that a person is the holder of a licence, or is otherwise
accredited or approved (however described), under a law prescribed by the
regulations for the purposes of this section, do 1 or more of the following:
(a)
dispense with the requirement of the person to provide to the Commissioner
certain information that the Commissioner would otherwise require to determine
a matter under this Act;
(b)
determine, without any further consideration, that the person—
(i)
is a fit and proper person to be the holder of a licence;
or
(ii)
is a fit and proper person to be a director of a body
corporate that is the holder of a licence; or
(iii)
is a fit and proper person to be a responsible person; or
(iv)
has sufficient financial resources for the purpose of
properly carrying on business under a licence.
(2) The Commissioner
may require a person to verify that the person is the holder of a licence or
is otherwise accredited or approved (however described) under a prescribed law
by statutory declaration.