19Registration of bookmakers

19 Registration of bookmakers

19 Registration of bookmakers

(1) An individual over the age of 18 years or a proprietary company may apply to HRNSW for registration as a bookmaker in relation to harness racing.

(2) Despite section 18(2), HRNSW must refuse to grant an application for registration of a proprietary company as a bookmaker unless satisfied that the company is an eligible company.

(3) For the purposes of this section, eligible company means a proprietary company that is registered under the Corporations Act 2001 of the Commonwealth and in which—

(a) each director, shareholder and person concerned in the management of the company is of or over the age of 18 years, and

(b) each director is registered as a bookmaker under this Act, and

(c) each director is a shareholder and person concerned in the management of the company, and

(d) each shareholder who is not a director is a close family member of a director, and

(e) each shareholder or person concerned in the management of the company who is not a director is, in the opinion of HRNSW, a fit and proper person to be registered as an individual as a bookmaker under this Act, and

(f) no shareholder or person concerned in the management of the company, other than a director, is registered as an individual as a bookmaker under this Act, and

(g) subject to the regulations, no person (other than a shareholder) has any interest in the shares or assets of the company.

(4) It is a condition of a company’s registration as a bookmaker under this Act that—

(a) the company continues to be an eligible company, and

(b) no director, shareholder or person concerned in the management of the company—

(i) is a director, shareholder or person concerned in the management of, or is an employee or agent of, any other company that is registered as a bookmaker under this Act, or

(ii) has a financial interest in any business of a bookmaker that is carried on by any such other company under the authority of its registration under this Act, or