Competent People

A Competent Person, as defined by the ASIB for the purposes of listing, is an individual who has sat and passed the ASIB Examination of Competency and holds a numbered Certificate of Competency.

A Competent Person is required to maintain their certificate through calculation submissions and by completing refresher assessments as required.

Competency certificates are issued to individuals in one of two designations: as an individual certificate, or as a company-linked certificate. This distinction is reflected in the certificate number in the form of an I or a C — for example, 2008C-001.

Competency certificates issued under a company designation are issued in the context of that employment relationship. The employing company retains the right to withdraw the company certificate designation upon termination of employment. A person whose company certificate designation has been withdrawn may apply to sit the examination again after a period of six months.

A Certificate of Competency may be invalidated for reasons including, but not limited to:

• Gross negligence or incompetence
• Consistently incorrect calculations in submissions
• Failure to maintain the required level of knowledge