20   Qualifications for a licence

(1)  A person is qualified to hold a licence if the Council is satisfied that:

(a)  the person is a fit and proper person to hold a licence, and

(b)  in the case of a corporation, each director of, or each person having a relevant financial interest in the corporation is a fit and proper person to hold a licence, and

(c)  the person (not being a corporation) is of or above the age of 18 years, and

(d)  the person is able to conduct a business in the entertainment industry in a proper and business-like manner, and

(e)  the person has a knowledge of, or experience in, the entertainment industry or in a related area.

(2)  In this section:

relevant financial interest means a financial interest in the corporation concerned, other than:

(a)  in the case of a public company, an interest as a shareholder which does not constitute a controlling interest, or

(b)  a prescribed interest.