119Suitability of authority holder – bodies corporate

119 Suitability of authority holder – bodies corporate (1) A body corporate is a suitable person for an authority if: (a) each executive officer of the body corporate is a suitable person to hold the authority; and

Medicines, Poisons and Therapeutic Goods Act 2012 73 (b) the body corporate is not the subject of a winding-up order, and has not been the subject of a winding-up order in the 5-year period before the day the application for the authority is made; and (c) an administrator has not been appointed for the body corporate in the 5-year period before the day the application for the authority is made. (2) However, if a body corporate is not a suitable person for an authority under subsection (1), the CHO may decide the body corporate is a suitable person to hold an authority if satisfied: (a) the body corporate's dealings with Scheduled substances to which the authority relates would not be inconsistent with the objects of this Act if the CHO decided the body corporate is a suitable person; and (b) it is otherwise in the public interest that the body corporate be treated as a suitable person.