Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 8C - The standards body  

Subdivision A - Functions of the standards body  

SECTION 921V   APPROVAL OF FOREIGN QUALIFICATIONS  

Application for approval

921V(1)  
A person who has completed a foreign qualification may apply to the standards body for approval of the foreign qualification.

921V(2)  
An application under subsection (1) must be in a form approved, in writing, by the standards body. Approval or refusal to approve

921V(3)  
The standards body must either:

(a) approve the foreign qualification in accordance with subsection (4); or

(b) refuse to approve the foreign qualification.

921V(4)  
The standards body may approve the foreign qualification only if:

(a) the standards body is satisfied that the foreign qualification gives the person qualifications equivalent to a degree or qualification approved by the standards body for the purposes of paragraph 921B(2)(a) ; or

(b) both of the following apply:

(i) the standards body specifies one or more courses to be completed by the person under subsection (5) of this section;

(ii) the person completes each of those courses.

921V(5)  
The standards body may specify one or more courses for the purposes of paragraph (4)(b) only if the standards body is satisfied that (together with the person ' s foreign qualification) the course or courses will give the person qualifications equivalent to a degree or qualification approved by the standards body for the purposes of paragraph 921B(2)(a) . When approval takes effect

921V(6)  
An approval under paragraph (3)(a) comes into force:

(a) if the standards body specifies one or more courses to be completed by the person under subsection (5) - when the person has completed all of those courses; or

(b) otherwise - when it is given. Review of decision

921V(7)  
A person may apply to the Tribunal for review of:

(a) a decision by the standards body under paragraph (3)(b) to refuse to approve the person ' s foreign qualification; or

(b) a decision by the standards body under subsection (5) to specify one or more courses to be completed by the person. Notice of reviewable decision and review rights

921V(8)  
Section 1317D applies in relation to a decision mentioned in paragraph (7)(a) or (b) of this section as if:

(a) the standards body were a decision maker for the purposes of section 1317D ; and

(b) the decision were a decision to which section 1317B applied.