42KRequirement for exempt close associate to notify NICC of change in circumstances

42K Requirement for exempt close associate to notify NICC of change in circumstances

42K Requirement for exempt close associate to notify NICC of change in circumstances

(1) It is a condition of an exemption granted under this Division to a close associate of a casino operator that the close associate must, by written notice given to the NICC, notify the NICC of the following—

(a) a change in the close associate’s circumstances which may affect the close associate’s control or influence over the casino operations, or

(b) another change in the close associate’s circumstances that may affect the close associate’s eligibility for the exemption, including a change prescribed by the regulations.

(2) A notice under subsection (1) must be given to the NICC as soon as practicable, but not later than 5 days, after the close associate becomes aware of the change in the close associate’s circumstances.

s 42K: Ins 2022 No 36, Sch 1[42]. Am 2023 No 7, Sch 2.2[3].