Australian Capital Territory Consolidated Acts(1) On receipt of an application for a key person licence the commission shall, subject to this section—
(a) grant the application; or
(b) refuse to grant it.
(2) The commission may grant an application only if—
(a) if the application discloses that a key relationship exists or is proposed to exist with a licensed provider—the commission is satisfied of the existence or the proposed existence of the relationship; and
(b) the commission is satisfied that the applicant is a suitable person to hold a key person licence.
(3) In deciding whether an applicant is a suitable person to hold a key person licence, the commission may require the applicant to supply a written police report about his or her criminal history and may have regard to—
(a) the application and the documents submitted with it; and
(b) the applicant's character; and
(c) the applicant's current financial position and financial background; and
(d) the applicant's general suitability to carry out functions for a licensed provider as a key person.
(4) The commission is not required to consider an application for a key person licence until the applicant satisfies the requirements of the regulations relating to satisfactory evidence of his or her identity.