sec.50Chief executive may issue or refuse to issue licence

### sec.50 Chief executive may issue or refuse to issue licence The chief executive may decide to issue or refuse to issue a licence to an applicant. The chief executive may decide to issue a licence to an applicant only if the chief executive is satisfied— the applicant is a suitable person to hold a licence and— 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 to hold a licence; and if the applicant is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and the applicant is eligible for a licence of the category of licence being applied for; and the application is made under sections 30 and 31 . 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 making the decision. (sec.50-ssec.1) The chief executive may decide to issue or refuse to issue a licence to an applicant. (sec.50-ssec.2) The chief executive may decide to issue a licence to an applicant only if the chief executive is satisfied— the applicant is a suitable person to hold a licence and— 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 to hold a licence; and if the applicant is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and the applicant is eligible for a licence of the category of licence being applied for; and the application is made under sections 30 and 31 . (sec.50-ssec.3) 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 making the decision. - (a) the applicant is a suitable person to hold a licence 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 to hold a licence; and (ii) if the applicant is a corporation—each executive officer of the corporation is a suitable person to hold a licence; 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 to hold a licence; and - (ii) if the applicant is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and - (b) the applicant is eligible for a licence of the category of licence being applied for; and - (c) the application is made under sections 30 and 31 . - (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 to hold a licence; and - (ii) if the applicant is a corporation—each executive officer of the corporation is a suitable person to hold a licence; and