37Grant

37 Grant (1) ICRC may, on application, grant a licence to a person to provide a utility service. Note 1 Under s 52, the ICRC must prepare a notice of a grant of a licence. The Note 2 If ICRC refuses to grant a licence, or grants a licence subject to a condition imposed by it, it must give a reviewable decision notice to the applicant for the licence (see s 43A). (2) ICRC must grant the licence if satisfied that— (a) the applicant has the capacity, as determined in accordance with the relevant technical and prudential criteria adopted by ICRC under section 26— (i) to comply with the licence conditions; and (ii) to operate a viable business as licensee; and (b) the applicant satisfies any other requirement that is relevant to ICRC’s objects under this Act. (3) A licence to provide utility services to franchise customers, whether exclusively or otherwise, may be granted by ICRC only with the written approval of the Minister. Note Under s 52, the ICRC must prepare a notice of a refusal of a licence. The