If an accredited exporter is purchased by another company, what will happen to its accreditation? If the relationship with a parent company changes, do they need to let WEA know?
Accreditation is not transferable. A company that takes over an accredited exporter must go through the accreditation process. Any material change to the ownership of an accredited exporter is a ‘notifiable matter’ under the Scheme. WEA must use the same judgment in considering whether an exporter is no longer ‘fit and proper’ to hold accreditation, as it would if the exporter was a new applicant under the Scheme.
Related Questions
- If an accredited exporter is purchased by another company, what will happen to its accreditation? If the relationship with a parent company changes, do they need to let WEA know?
- Was it his relationship with parent company EADS which led to the departure of Christian Streiff?
- What happens if a parent company guarantee or finance is withdrawn from an accredited exporter?
