13Grounds for refusal to grant licence: section 15 (4)

#### 13 Grounds for refusal to grant licence: section 15 (4) 13 Grounds for refusal to grant licence: section 15 (4) > > (1) Mandatory grounds for refusal—individual For the purposes of section 15 (4) of the Act, the Commissioner must refuse to grant an application for a master licence if the applicant, or a close associate of the applicant— > > > > > (a) at any time in the 3 years immediately preceding the application for the licence was an undischarged bankrupt or applied to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounded with his or her creditors or made an assignment of his or her remuneration for their benefit, unless the Commissioner is satisfied that the person took all reasonable steps to avoid the bankruptcy, or > > > > > (b) at any time in the 3 years immediately preceding the application for the licence was concerned in the management of a corporation when the corporation was the subject of a winding up order or when a controller or administrator was appointed, unless— > > > > > > > (i) the winding up of the corporation was by way of a member’s voluntary winding up, or > > > > > > > (ii) the Commissioner is satisfied that the person took all reasonable steps to avoid the liquidation or administration. > > > (2) In determining the reasonable steps that could be taken by a person to avoid bankruptcy, liquidation or administration, the Commissioner is to have regard to the steps that could have been taken by the person at the time that the financial difficulties leading to the bankruptcy, liquidation or administration arose. > > > (3) Mandatory grounds for refusal—corporation For the purposes of section 15 (4) of the Act, the Commissioner must refuse to grant an application for a master licence if the applicant— > > > > > (a) is a corporation that is the subject of a winding up order or for which a controller or administrator has been appointed, or > > > > > (b) at any time in the 3 years immediately preceding the application for the licence, was a corporation the subject of a winding up order or for which a controller or administrator was appointed. > > > (4) Discretionary grounds for refusal For the purposes of section 15 (4) of the Act, the Commissioner may refuse to grant an application for a licence if the applicant, or a close associate of the applicant, has within the period of 3 years before the application for the licence was made, contravened any provision of the Act or the regulations under the Act, whether or not the applicant or close associate of the applicant has been convicted of an offence in relation to the contravention. > > > (5) Discretionary grounds for refusal—master licence For the purposes of section 15 (4) of the Act, the Commissioner may refuse to grant an application for a master licence if the applicant, or a close associate of the applicant, has, within the period of 3 years before the application for the licence was made, been found guilty of an offence under Chapter 4 of the [Australian Consumer Law](http://www.legislation.gov.au/) that relates to a contravention of section 29, 31, 33, 34, 36 or 50 of that Law.