Prescribed considerations under section 155A(3B) of Act
88A. The following considerations are prescribed for the purposes of section 155A(3B) of the Act:
(a)
the existence of any exculpatory reasons for the applicant’s failure to procure —
(i)
the winding up of the companies mentioned in section 155A(1)(a) of the Act; or
(ii)
the striking of the names of those companies off the register under section 344A of the Act;
(b)
the necessity of the applicant to act as a director of, or to take part in or be concerned in the management of, the company or foreign company to which Division 2 of Part 11 of the Act applies, in respect of which the application is being made (called in this regulation the subject company);
(c)
the applicant’s capacity to ensure that the subject company will comply with the subject company’s obligations under the Act;
(d)
the likelihood of the applicant procuring —
(i)
the winding up of the subject company; or
(ii)
the striking of the name of the subject company off the register under section 344A of the Act,
if the subject company does not carry on business or is not in operation;
(e)
any other considerations that the Registrar considers relevant in a particular case.