Section 34(1) of the Principal Act is amended as follows:

(a) by omitting paragraph (b) and substituting the following paragraph:

(b) may refuse the application for any reason that the Administrator considers appropriate, including but not limited to any one or more of the following reasons:

(i) the applicant is not a fit and proper person;

(ii) the applicant does not have the qualifications, experience or competence to perform the functions of, or carry out the work of, a contractor as appropriate for the occupation and class of the licence being sought by the applicant;

(iii) there are not satisfactory arrangements in place, including the suitability of the nominated manager for the applicant, for the supervision of the applicant in his or her role as a contractor;

(iv) the applicant does not have, or is not likely to have, a sound and stable financial background;

(v) the applicant is not, or is not likely to be, covered by the insurance required under section 27 ;

(vi) the applicant does not satisfy, or is not likely to satisfy, any applicable requirement of a determination under section 31 or any prescribed requirement;

(vii) the applicant has previously had a licence, or similar accreditation as a contractor, refused, suspended or cancelled, in Tasmania or in another State or a Territory.

(b) by omitting from paragraph (a) "issue" and substituting "may issue" .