(a) where the person is an individual, the individual is not a fit and proper person to hold or to continue to hold the licence; (b) where the person is a business entity, the business entity is not a fit and proper person to hold or to continue to hold the licence; or (c) it is not in the public interest to grant or renew the licence, or the grant or renewal of the licence may pose a threat to national security. (6) Where a person submits an application for the renewal of the person’s licence before the start of the renewal period, the licence continues in force until the date on which the licence is renewed or the application for its renewal is refused, as the case may be. (7) Any person who, in making an application for the grant or renewal of a licence — (a) makes any statement or furnishes any particulars, information or document which the person knows to be false or does not believe to be true; or (b) furnishes any information which the person knows or has reason to believe is misleading in a material particular, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 12 months or to both. (8) In deciding for the purposes of this section whether an individual or a business entity is a fit and proper person to hold or continue to hold a licence, the licensing officer may take into account any matter the licensing officer considers relevant, including any of the following: (a) in the case of an individual — (i) that the individual has been convicted in Singapore or elsewhere of any offence involving fraud, dishonesty or moral turpitude; (ii) that the individual has had a judgment entered against the individual in civil proceedings that involves a finding of fraud, dishonesty or breach of fiduciary duty on the part of the individual; (iii) that the individual is or was suffering from a mental disorder; (iv) that the individual is an undischarged bankrupt or has entered into a composition with the creditors of the individual; or (v) that the individual has had a licence revoked by the licensing Singapore Statutes Online Published in Acts Supplement on 12 Mar 2018 PDF created date on: 30 Aug 2022