Queensland Consolidated Acts Queensland Consolidated Acts(1) The chief executive may issue or refuse to issue a licence to an applicant.
(2) The chief executive may issue a licence to an applicant only if the chief executive is satisfied that--
(a) the applicant is a suitable person and--
(i) if the applicant intends carrying on business in partnership or in conjunction with others--each member of the partnership or each person with whom the applicant intends carrying on business in conjunction is a suitable person; and
(ii) if the applicant is a corporation--each executive officer of the corporation is a suitable person; and
(b) the applicant is eligible to obtain a licence of the category of licence being applied for; and
(c) the application is properly made.
(3) For subsection (2)(c), an application is properly made only if it complies with section 22 and is accompanied by the things mentioned in that section.
(4) If the chief executive decides to refuse to issue the licence, the chief executive must give the applicant an information notice about the decision within 14 days after the decision is made.
(5) If the applicant's application for a licence is refused, the applicant may not file another application for a licence--
(a) for 3 months after the day the chief executive gives the applicant the information notice under subsection (4); or
(b) if the applicant applies to the tribunal to review the chief executive's decision and the decision is confirmed, for 3 months after the day the decision is confirmed.
(6) Subsection (5) does not apply if--
(a) the applicant is a corporation; and
(b) the applicant satisfies the chief executive that, because of a genuine sale--
(i) no person who was a shareholder of, or held a beneficial interest in, the corporation when the refused application was made is a shareholder of, or holds a beneficial interest in, the applicant corporation; and
(ii) no person who was in a position to control or influence the affairs of the corporation when the refused application was made is in a position to control or influence the affairs of the applicant corporation.
Note--
Section 13 (Meaning of beneficial interest) does not define beneficial interest for this paragraph (b)(i).