Acts Online
GT Shield

Diamonds Act, 1986 (Act No. 56 of 1986)

Chapter IV : Licences and Permits

28. Consideration of applications for licences

 

1) Before the Regulator decides on any application for a licence, it may conduct such investigation regarding the application as it may deem fit.

 

2) Subject to the provisions of this Chapter, the Regulator may at its discretion grant or refuse an application for a licence, but the Regulator shall not grant any application if it is of the opinion-
a) that the applicant or, where the applicant is a company, any director thereof or, where the applicant is a close corporation, any member thereof is not a suitable person to carry on the activities authorised by the licence, or to be involved in such activities;
b) that an interest which any person has in the applicant is undesirable;
c) that the applicant will probably not be able to exercise in a satisfactory manner control over the activities authorised by the licence;
d) that there are already a sufficient number of persons holding the licence in question; or
e) that the issue of the licence will be contrary to the public interest.

 

3) If the Regulator refuses an application for a licence, the chief executive officer of the Regulator shall notify the applicant in writing of the decision of the Regulator.