18NCCircumstances in which servicing licence must be refused

#### 18NC Circumstances in which servicing licence must be refused (1) The Secretary must refuse an application by an applicant to be granted a servicing licence if: (a) the applicant is an individual who has not reached the age of 18 years; or (b) the applicant holds a licence under this Act that is suspended; or (c) the applicant is disqualified under this Act from holding a licence; or (d) neither the applicant nor any employee of the applicant has the competencies appropriate to perform the functions and duties of a verifier; or (e) the applicant is not likely to carry on the activities of a servicing licensee honestly and fairly; or (f) the applicant is in any other way not a fit and proper person to be a servicing licensee. (2) Without limiting the generality of paragraph (1)(f), the Secretary may have regard to any or all of the following matters in determining whether the applicant is a fit and proper person to be a servicing licensee: (a) whether the applicant has, during the period of 10 years that immediately preceded the making of the application, been convicted of, or served any part of a term of imprisonment for, an offence (whether under the law of the Commonwealth or any other law) involving fraud or dishonesty; (b) whether the applicant was, when the application was made, the subject of a charge pending in relation to such an offence; (c) whether the applicant has, at any time, been convicted of an offence against this Act or an earlier corresponding law; (d) whether the applicant has been refused a licence under this Act or an earlier corresponding law.