121Approved system of controls and procedures to be implemented

121 Approved system of controls and procedures to be implemented S. 121(1) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 114(a)). (1) A casino operator must not conduct operations in the casino unless the Commission has approved in writing of a system of internal controls and administrative and accounting procedures for the casino. S. 121(2) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 114(a)). (2) Any such approval may be amended from time to time, as the Commission thinks fit. S. 121(2A) inserted by No. 93/1993 s. 27, repealed by No. 114/2003 s. 12.1.2 (Sch. 5 item 114(b)). (3) An approval or amendment of an approval under this section takes effect when notice of it is given in writing to the casino operator concerned, or on a later date specified in the notice. S. 121(4) amended by No. 54/2021 s. 24. (4) The casino operator must ensure that the system approved for the time being under this section for the casino is implemented. 1. 240 penalty units.