42ARequirement for approval of close associate

#### 42A Requirement for approval of close associate 42A Requirement for approval of close associate > > (1) A person must not be a close associate of a casino operator unless— > > > > > (a) the NICC has given approval for the person to become a close associate, and > > > > > (b) if the person holds a relevant position—the person holds a certificate of competency under section 64 for the functions that the close associate exercises. > > > > Maximum penalty— > > > > > (a) for an individual—100 penalty units, or > > > > > (b) for a corporation—1,000 penalty units. > > > (2) Subsection (1) does not apply to a person to the extent the person— > > > > > (a) holds an exemption granted by the NICC, by written notice given to the person, from the requirement to obtain an approval under this Division, or > > > > > (b) held an exemption mentioned in paragraph (a) before it was revoked and it is not more than 28 days since the exemption was revoked, or > > > > > (c) is a close associate under an interim approval, or > > > > > (d) was a close associate under an interim approval before it was revoked and it is not more than 28 days since the interim approval was revoked. > > > (3) For subsection (2)(a)— > > > > > (a) in deciding whether or not to grant an exemption, the NICC must have regard to the matters prescribed by the regulations, and > > > > > (b) an exemption may be granted subject to any conditions the NICC considers appropriate. > > > (4) In this section— > > > > relevant position has the same meaning as in section 3A(3). > > **s 42A:** Ins 2022 No 36, Sch 1\[42\]. Am 2023 No 7, Sch 2.2\[2\].