122Provision of financial assistance by gaming-related licensee

#### 122 Provision of financial assistance by gaming-related licensee 122 Provision of financial assistance by gaming-related licensee > > (1) The holder of a gaming-related licence must not enter into a transaction in respect of which the licensee— > > > > > (a) provides financial assistance to a hotelier or club, or > > > > > (b) guarantees the observance by a hotelier or club of a term or condition on which financial assistance is provided to the hotelier or club by a person other than the licensee, or > > > > > (c) indemnifies any person against any loss suffered in relation to financial assistance provided to a hotelier or club, > > > > unless the transaction has been approved by the Authority in writing. > > > > Maximum penalty—50 penalty units. > > > (2) The holder of a gaming-related licence must not, unless with the Authority’s written approval, agree to a variation of a term or condition of a transaction under this section that has been approved by the Authority. > > > > Maximum penalty—50 penalty units. > > > (3) The holder of a gaming-related licence is guilty of an offence if— > > > > > (a) financial arrangements made by the licensee have been approved by the Authority, and > > > > > (b) there is a change in those arrangements that has not been approved by the Authority, and > > > > > (c) the Authority is not notified of the change immediately after it comes to the notice of the licensee. > > > > Maximum penalty—50 penalty units. > > **s 122:** Am 2008 No 99, Sch 1 \[98\]; 2011 No 72, Sch 3 \[1\].