Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) The regulator must not issue the licence if the regulator is satisfied that issuing the licence would be inconsistent with a policy principle in force under section 21.
(2) The regulator must not issue the licence unless the regulator is satisfied that the applicant is a suitable person to hold the licence.
(3) Subsection (2) does not apply to an inadvertent dealings application.