42FSubstantial changes in state of affairs of associates

#### 42F Substantial changes in state of affairs of associates 42F Substantial changes in state of affairs of associates > > (1) A close associate of a casino operator must, as soon as practicable after a substantial change occurs in the close associate’s state of affairs, give the NICC written notice about the change. > > > (2) After receiving a notice under subsection (1), the NICC may, by written notice given to the close associate, require the close associate to do any of the following— > > > > > (a) give the NICC further information about the substantial change, > > > > > (b) take, or refrain from taking, specified action in relation to the substantial change within the time specified in the notice. > > > (3) The close associate must comply with the notice. > > > > Maximum penalty— > > > > > (a) for an individual—100 penalty units, or > > > > > (b) for a corporation—1,000 penalty units. > > > (4) In this section— > > > > substantial change, in the state of affairs existing in relation to a close associate of a casino operator, means any change in the state of affairs that is of a class or description prescribed as substantial for the purposes of this section. > > **s 42F:** Ins 2022 No 36, Sch 1\[42\].