9Transfer of Melbourne Casino Licence

9 Transfer of Melbourne Casino Licence

(1) Despite anything to the contrary in the Principal Act, the Melbourne Casino Licence may be sold, transferred, assigned or otherwise disposed of by the Melbourne Casino Operator to another person if—

(a) the Minister has, in writing, approved the transfer or assignment to that person of the rights, liabilities and obligations of the Melbourne Casino Operator under the Agreement; and

S. 9(1)(b) amended by No. 114/2003 s. 12.1.3 (Sch. 6 item 2.4).

(b) the Commission has, in writing, approved that person.

(2) Subsection (1)(a) does not apply to an assignment of rights under the Agreement which, under clause 36.1 of the Agreement, does not require the prior written consent of the State.

S. 9(3) amended by No. 114/2003 s. 12.1.3 (Sch. 6 item 2.4).

(3) The Commission must not approve a person for the purpose of subsection (1) unless the Commission is satisfied that, if the person were an applicant for a licence under the Principal Act, the Commission would grant the application under the Principal Act.

(4) Upon the sale, transfer, assignment or disposal of the Melbourne Casino Licence to another person as referred to in this section, this Act and the Agreement have effect as if a reference to the Melbourne Casino Operator were a reference to that other person.

S. 10 amended by No. 114/2003 s. 12.1.3 (Sch. 6 item 2.4).