(1)  The Commissioner may renew or refuse to renew a licence under this Part and, if a licence is to be renewed, the Commissioner may alter or vary the conditions on the licence or impose further conditions on the licence.

(2)  The Commissioner must not renew the licence –

(a) if the applicant can no longer demonstrate that the genuine reason for which the licence was previously issued is still applicable; or

(b) if the applicant or any responsible person in relation to the application is subject to a prohibition order; or

(c) unless the Commissioner is satisfied that –

(i) the applicant is a fit and proper person; and

(ii) the applicant can comply with the storage requirements set out by or under this Act; and

(iii) the renewal of the licence is not against the public interest; or

(d) for any other prescribed reason.