(1) Subject to subsection (2), the Board may refuse an application for a licence under section 43 where a person —
(a) does not satisfy the prescribed requirements under section 41;
(b) fails to pay a fine under section 91.
(2) Prior to refusing an application under subsection (1), the Board shall consult a committee, Board or other body established under another enactment that provides advice with respect to a substance that is regulated under this Act.