insert
(7) In this section:
"related licence" means a licence under this Act or a corresponding law that is held by a related licensee.
"related licensee" means—
(a) if a director, partner or nominee of the applicant is or has been a director or nominee of a corporation (the related corporation ) that is or has been a licensee under this Act or a corresponding law—the related corporation; or
(b) if a director, partner or nominee of the applicant is or has been a partner or nominee of a partnership (the related partnership ) that is or has been a licensee under this Act or a corresponding law—the related partnership; or
(c) if a director, partner or nominee of the applicant is or has been a licensee under this Act or a corresponding law—the director, partner or nominee.