(3) The Commissioner may refuse to grant
an application for a licence if the Commissioner considers that the grant of
the licence would be contrary to the public interest.
(4) The regulations may
provide additional mandatory or discretionary grounds for refusing the
granting of an application for a licence.
(5) Except as provided by the
regulations, a reference in this section to an applicant includes, in the case
of an application for a master licence, a reference to each close associate of
the applicant.
(6) For the purpose of determining whether an applicant is a
fit and proper person to hold the class of licence sought by the applicant or
whether the grant of the licence would be contrary to the public interest, the
Commissioner may have regard to any criminal intelligence report or other
criminal information held in relation to the applicant that--
(a) is relevant
to the activities carried out under the class of licence sought by the
applicant, or
(b) causes the Commissioner to conclude that improper conduct
is likely to occur if the applicant were granted the licence, or
(c) causes
the Commissioner not to have confidence that improper conduct will not occur
if the applicant were granted the licence.
(7) The Commissioner is not, under
this or any other Act or law, required to give any reasons for not granting a
licence if the giving of those reasons would disclose the existence or content
of any criminal intelligence report or other criminal information as referred
to in subsection (6).