Statement of Principles & Code of Practice
In accordance with sections 6 and 7 of the Act, the Authority has published a Statement of Principles and Code of Practice.
The Statement of Principles provides guidance on the Authority’s approach in interpreting the minimum criteria for licensing and grounds for revocation; in exercising its power to grant, revoke or restrict a licence; in exercising its power to obtain information, reports and to require production of documents; and in exercising other enforcement powers.
The Code of Practice provides guidance as to the duties, requirements, procedures and standards, to be complied with, and the sound principles to be observed by persons carrying on corporate service provider business. The Code should be read in conjunction with the Statement of Principles issued under section 6 of the Act.
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