(1) A corporation is not a suitable person to hold a licence if the corporation—
(a) has been convicted, in Queensland or elsewhere, within the preceding 5 years of a serious offence; or
(b) is currently disqualified from holding a licence; or
(c) is a person the chief executive decides under section 36 is not a suitable person to hold a licence.
(2) A corporation is also not a suitable person to hold a licence if an executive officer of the corporation—
(a) is an insolvent under administration; or
(b) has been convicted, in Queensland or elsewhere, within the preceding 5 years of a serious offence; or
(c) is currently disqualified from holding a licence or registration certificate; or
(d) is a person the chief executive decides under section 36 is not a suitable person to hold a licence.
(3) A corporation that is not a suitable person to hold a licence can not hold a licence.