sec.199Third party operator agreements—pt 3, div 1A

sec.199 Third party operator agreements—pt 3, div 1A

This section applies if, on its commencement, an eligible association has entered into an agreement with an entity for the entity to help the eligible association with any of the following matters in relation to an art union— the sale of tickets in the art union; receiving and banking money from the sale; accounting for the proceeds of the sale. On the commencement— the entity is taken to be a third party operator; and the agreement is taken to be a third party operator agreement. If the agreement is in writing, the eligible association must, within 28 days after the commencement, give a copy of the agreement to the chief executive. Maximum penalty—100 penalty units. If the agreement is not in writing, within 28 days after the commencement or, if the chief executive has approved a longer period, within the longer period— the eligible association and the third party operator must reduce the terms of the agreement to writing; and the eligible association must give a copy of the written agreement to the chief executive. Maximum penalty—100 penalty units. The chief executive may approve a longer period if— the eligible association asks the chief executive to approve a longer period and gives reasons for the request; and the chief executive is satisfied that, for the reasons given, the longer period is necessary. The parties have not reached agreement about the written terms of the third party operator agreement. Sections 22C and 22D apply to an amendment of an agreement entered into before the commencement and taken, under subsection (1), to be a third party operator agreement. s 199 ins 2008 No. 2 s 22 (sec.199-ssec.1) This section applies if, on its commencement, an eligible association has entered into an agreement with an entity for the entity to help the eligible association with any of the following matters in relation to an art union— the sale of tickets in the art union; receiving and banking money from the sale; accounting for the proceeds of the sale. (sec.199-ssec.2) On the commencement— the entity is taken to be a third party operator; and the agreement is taken to be a third party operator agreement. (sec.199-ssec.3) If the agreement is in writing, the eligible association must, within 28 days after the commencement, give a copy of the agreement to the chief executive. Maximum penalty—100 penalty units. (sec.199-ssec.4) If the agreement is not in writing, within 28 days after the commencement or, if the chief executive has approved a longer period, within the longer period— the eligible association and the third party operator must reduce the terms of the agreement to writing; and the eligible association must give a copy of the written agreement to the chief executive. Maximum penalty—100 penalty units. (sec.199-ssec.5) The chief executive may approve a longer period if— the eligible association asks the chief executive to approve a longer period and gives reasons for the request; and the chief executive is satisfied that, for the reasons given, the longer period is necessary. The parties have not reached agreement about the written terms of the third party operator agreement. (sec.199-ssec.6) Sections 22C and 22D apply to an amendment of an agreement entered into before the commencement and taken, under subsection (1), to be a third party operator agreement.