sec.149Ancillary gambling agreement

sec.149 Ancillary gambling agreement

An ancillary gambling agreement is an agreement, contract, lease or arrangement (whether written or unwritten) under which a person agrees to provide to a licensed provider a thing or service in return for a direct or indirect interest in, or percentage or share of— amounts received by the licensed provider in the course of the licensed provider’s business; or the revenue, profit or earnings derived by the licensed provider from the licensed provider’s business. However, an ancillary gambling agreement does not include an agency agreement. A licensed provider must not enter into, or be a party to, an ancillary gambling agreement without the written approval of the chief executive. Maximum penalty—40 penalty units. However, the chief executive’s approval is not required for an agreement if— the chief executive considers the agreement to be an agreement of minor importance; or the agreement is of a class excluded from the application of this section under a regulation. (sec.149-ssec.1) An ancillary gambling agreement is an agreement, contract, lease or arrangement (whether written or unwritten) under which a person agrees to provide to a licensed provider a thing or service in return for a direct or indirect interest in, or percentage or share of— amounts received by the licensed provider in the course of the licensed provider’s business; or the revenue, profit or earnings derived by the licensed provider from the licensed provider’s business. (sec.149-ssec.2) However, an ancillary gambling agreement does not include an agency agreement. (sec.149-ssec.3) A licensed provider must not enter into, or be a party to, an ancillary gambling agreement without the written approval of the chief executive. Maximum penalty—40 penalty units. (sec.149-ssec.4) However, the chief executive’s approval is not required for an agreement if— the chief executive considers the agreement to be an agreement of minor importance; or the agreement is of a class excluded from the application of this section under a regulation.

• (a) amounts received by the licensed provider in the course of the licensed provider’s business; or
• (b) the revenue, profit or earnings derived by the licensed provider from the licensed provider’s business.
• (a) the chief executive considers the agreement to be an agreement of minor importance; or
• (b) the agreement is of a class excluded from the application of this section under a regulation.