South Australian Consolidated Acts (1) A natural person
is entitled to be licensed as a dealer if the person—
(a) is
of or above the age of 18 years; and
(b) has
not—
(i)
been convicted of an indictable offence of dishonesty; or
(ii)
during the period of 10 years preceding the application
for a licence, been convicted of a summary offence of dishonesty; and
(c) is
not suspended or disqualified from practising or carrying on an occupation,
trade or business under a law of this State, the Commonwealth, another State
or a Territory of the Commonwealth; and
(d) is
not an insolvent under administration within the meaning of the
Corporations Act 2001 of the Commonwealth; and
(e) has
not, during the period of five years preceding the application for the
licence, been a director of a body corporate wound up for the benefit of
creditors—
(i)
when the body was being so wound up; or
(ii)
within the period of six months preceding the
commencement of the winding up; and
(f) is a
fit and proper person to be the holder of a licence.
(2) A body corporate
is entitled to be licensed as a dealer if—
(a) the
body corporate—
(i)
is not suspended or disqualified from practising or
carrying on an occupation, trade or business under a law of this State, the
Commonwealth, another State or a Territory of the Commonwealth; and
(ii)
is not being wound up and is not under official
management or in receivership; and
(b) no
director of the body—
(i)
has—
(A) been convicted of an indictable offence
of dishonesty; or
(B) during the period of 10 years preceding
the application for a licence, been convicted of a summary offence of
dishonesty; or
(ii)
is suspended or disqualified from practising or carrying
on an occupation, trade or business under a law of this State, the
Commonwealth, another State or a Territory of the Commonwealth; or
(iii)
has, during the period of five years preceding the
application for the licence, been a director of a body corporate wound up for
the benefit of creditors—
(A) when the body was being so wound up; or
(B) within the period of six months
preceding the commencement of the winding up; and
(c) each
director of the body is a fit and proper person to be the director of a body
that is the holder of a licence.