CASA must not refuse to grant a certificate under Division 3 of Part 4 except on one or more of the following grounds:
(a) that the applicant has failed to satisfy a requirement prescribed by or specified under these Regulations in relation to the grant of the certificate;
(b) that the applicant has made in, or in connection with, the application a statement that was false or misleading in a material particular;
(c) that a court has made an order under section 30A of the Act in relation to the applicant;
(d) in relation to the initial issue of a certificate:
(i) that the applicant was the holder of a certificate that was previously cancelled; or
(ii) that the applicant is not a fit and proper person to have the responsibilities and exercise and perform the functions and duties of a holder of the certificate.