7Matters to be considered in deciding whether to grant a licence—eligible corporations

7 Matters to be considered in deciding whether to grant a licence—eligible corporations

The Commission must not grant a licence to an eligible corporation under section 104 of the Act unless the Commission is satisfied, on reasonable grounds, that satisfactory arrangements have been made to ensure that payments that would be required to be made under the Act to, or in respect of, the eligible corporation’s employees will continue to be paid if that corporation is wound up.