Queensland Consolidated Acts Queensland Consolidated Acts(1) The chief executive must consider the restoration application and may restore or refuse to restore the licence.
(2) The chief executive may restore the licence only if the chief executive is satisfied--
(a) the licensee is a suitable person and--
(i) if the licensee carries on, or intends to carry on, business in partnership or in conjunction with others--each member of the partnership or each person with whom the licensee carries on business in conjunction is a suitable person; and
(ii) if the licensee is a corporation--each executive officer of the corporation is a suitable person; and
(b) the application is properly made; and
(c) the licensee has, as a principal licensee or employed licensee, actively carried out the activities authorised under the licence for a period, and within the period, prescribed under a regulation; and
(d) the licensee meets the eligibility requirements, other than eligibility requirements of an educational nature, for the licence.
(3) For subsection (2)(b), an application is properly made only if it complies with section 60 and is accompanied by the things mentioned in that section.
(4) If the chief executive decides to refuse the application, the chief executive must give the licensee an information notice within 14 days after the decision is made.
(5) If the chief executive restores the licence--
(a) the licence is taken to have been renewed on the day it would, apart from section 62, have expired (the initial expiry date); and
(b) to remove any doubt, a thing done during the period starting on the initial expiry date and ending on the day the licence is restored under this section is taken to have been as validly done as it would have been if the licence had been renewed immediately before the initial expiry date.