118Control of business carried on under gaming-related licence

#### 118 Control of business carried on under gaming-related licence 118 Control of business carried on under gaming-related licence > > (1) If a person (other than the licensee or a financial institution) becomes interested in the business, or the profits of the business, carried on under a gaming-related licence, it is a condition of the gaming-related licence that the Authority is to be provided with the following information within 28 days after the other person becomes so interested— > > > > > (a) the name and date of birth of the person so interested and, in the case of a proprietary company, the names of the directors and shareholders, > > > > > (b) a statement that the licensee has made all reasonable inquiries to ascertain the information referred to in paragraph (a). > > > (2) For the purposes of subsection (1), a person is interested in the business, or the profits of the business, carried on under the licence if the person is entitled to receive— > > > > > (a) any income derived from the business, or any other financial benefit or financial advantage from the carrying on of the business (whether the entitlement arises at law or in equity or otherwise), or > > > > > (b) any rent, profit or other income in connection with the use or occupation of premises on which the business is to be carried on. > > > (3) This section does not apply to a licence held as an employee. > > **s 118:** Am 2007 No 92, Sch 3 \[66\].