Suitability of applicants and licensees—corporations
35 Suitability of applicants and licensees—corporations
A corporation is not a suitable person to hold a licence if the corporation—
has been convicted, in Queensland or elsewhere, within the preceding 5 years of a serious offence; or
is currently disqualified from holding a licence; or
is a person the chief executive decides under section 36 is not a suitable person to hold a licence.
A corporation is also not a suitable person to hold a licence if an executive officer of the corporation—
is an insolvent under administration; or
has been convicted, in Queensland or elsewhere, within the preceding 5 years of a serious offence; or
is currently disqualified from holding a licence or registration certificate; or
is a person the chief executive decides under section 36 is not a suitable person to hold a licence.
A corporation that is not a suitable person to hold a licence can not hold a licence.
This Act’s bill:Explanatory memorandumSecond reading speech
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