30Requirements for controlled contracts

30 Requirements for controlled contracts (1) A casino operator must not enter into or be a party to, or to the variation of, a contract that is a controlled contract in relation to that operator unless— S. 30(1)(a) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 23). (a) the operator has given notice in writing to the Commission of the details of the proposed contract or variation at least 28 days (or any shorter period approved by the Commission in a particular case or in respect of a particular class of contract) before entering into or becoming a party to it; and S. 30(1)(b) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 23). (b) the Commission has not, within that period, given notice in writing to the operator that the Commission objects to the proposed contract or requires further time, the further period to be specified in the notice, to conduct its investigations. S. 30(1A) inserted by No. 114/2003 s. 12.1.2 (Sch. 5 item 24). (1A) A function of the Commission under subsection (1) may be performed by any commissioner. S. 30(2) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 23). (2) If the Commission notifies the casino operator that it requires further time to conduct its investigations, the operator must not enter into the contract until the expiration of the period specified in the notice. S. 30(3) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 23). (3) If the Commission notifies the casino operator that it objects to the proposed contract, the operator must not enter into the contract. S. 30(4) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 23). (4) The Commission must not object to a proposed contract unless it has first inquired into the operation of the contract and the suitability of each person who is a party to the contract. S. 31 amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 25).