Section 111: Criteria for granting status as authorised economic operator

1 The criteria for granting the status of Customs Simplification Authorised Economic Operator are -
a demonstrated compliance with customs and tax requirements;
b a satisfactory system of managing commercial and, where appropriate, transport records, allowing appropriate Customs controls;
c good financial standing;
d established procedures for communicating with the Service and measurement, analysis and adequacy and integrity of the prompt reporting violations of customs law to the Service;
e regular education and training of personnel regarding customs procedures;
f demonstrated practical standards of competence and professional qualifications directly related to simplified procedures;
g provision of a financial guarantee;
h use of modem information and communications technology including electronic data exchange; and
i implementation of required security standard.

2 The criteria for granting the status of security and safety authorised economic operator shall be the following -
a demonstrate compliance with customs and tax requirements;
b a satisfactory system for managing commercial, and where appropriate, transport records, allowing appropriate customs controls;
c good financial standing;
d established procedures for communicating with the Service and promptly reporting security concerns to the Service;
e regular education and training of personnel regarding security procedures;
f a system to protect confidential security information;
g use of modem information and communication technology, including electronic data exchange;
h implementation of crisis management and incident recovery procedures; and
i implementation of monitoring, improvement processes to ensure the security management system.

3 The Board shall issue regulation providing necessary clarification for the criteria contained in this section, and the development of these regulations and specifics of the criteria shall be in collaboration with private sector stakeholders.