For the purposes of this Chapter and sections 108B to 108I, a person is not a fit and proper person if any of the following apply:
(a) the person has been convicted of any of the following offences:
(iii) an offence involving fraud, dishonesty or breach of trust;
(iv) an offence in respect of conduct in a place other than the State that would constitute an offence of a kind referred to in subparagraph (i), (ii) or (iii) if the conduct occurred in the State;
(b) in a case where the person is an individual, the person is under 18 years of age;
(c) the person -
(i) has suspended payments due to the person's creditors,
(ii) is unable to meet other obligations to the person's creditors, or
(iii) is an individual who is an undischarged bankrupt;
(d) the person is otherwise not a fit and proper person.