22LLimit on third party rights

22L Limit on third party rights (1) During the period of appointment of a manager of a casino, a person other than the manager is not entitled, without the prior written approval of the Commission, to— (a) enforce any security interest in managed property; or (b) take or enter into possession of managed property; or (c) levy execution on any judgment obtained against the casino operator; or (d) terminate, or exercise any rights adverse to the casino operator under, a contract with the casino operator, being a contract of a class determined by the Commission. (2) No right to compensation enforceable against the manager, the casino operator, the Commission or the State arises in relation to— (a) the operation of subsection (1); or (b) the refusal of the Commission to give approval under that subsection; or (c) the determination by the Commission of a class of contracts for the purpose of subsection (1)(d). (3) Managed property is declared to be an excluded matter for the purposes of section 259 of the Personal Property Securities Act 2009 of the Commonwealth in relation to the whole of that Act. S. 22M inserted by No. 30/2023 s. 4.