Queensland Consolidated Acts Queensland Consolidated Acts(1) A corporation is not a suitable person to hold a licence if an executive officer of the corporation is--
(a) affected by bankruptcy action; or
(b) a person who has been convicted, in Queensland or elsewhere, within the preceding 5 years of a serious offence; or
(c) a person the chief executive decides under section 28 is not a suitable person to hold a licence.
(2) A corporation that is not a suitable person can not hold a licence.