sec.177Relationship of key officials with prospective licensed providers

sec.177 Relationship of key officials with prospective licensed providers

This section applies if a key official knowingly has, directly or indirectly— a business or financial association with another person who is a prospective licensed provider; or a business or financial interest together with another person who is a prospective licensed provider. Immediately after the key official becomes aware that the other person is a prospective licensed provider, the official must give written notice of the official’s association or interest to the chief executive. Maximum penalty—40 penalty units. The chief executive may, by written notice given to the key official, direct the official to end the association, or give up the interest, within the time stated in the notice. However, the chief executive may give the direction only if the chief executive considers it appropriate to take the action in the public interest. A key official to whom a direction is given must comply with the direction within the time stated in the notice. Maximum penalty—40 penalty units. In this section— prospective licensed provider means a person who has applied for an interactive gambling licence but whose application has not yet been decided. (sec.177-ssec.1) This section applies if a key official knowingly has, directly or indirectly— a business or financial association with another person who is a prospective licensed provider; or a business or financial interest together with another person who is a prospective licensed provider. (sec.177-ssec.2) Immediately after the key official becomes aware that the other person is a prospective licensed provider, the official must give written notice of the official’s association or interest to the chief executive. Maximum penalty—40 penalty units. (sec.177-ssec.3) The chief executive may, by written notice given to the key official, direct the official to end the association, or give up the interest, within the time stated in the notice. (sec.177-ssec.4) However, the chief executive may give the direction only if the chief executive considers it appropriate to take the action in the public interest. (sec.177-ssec.5) A key official to whom a direction is given must comply with the direction within the time stated in the notice. Maximum penalty—40 penalty units. (sec.177-ssec.6) In this section— prospective licensed provider means a person who has applied for an interactive gambling licence but whose application has not yet been decided.

• (a) a business or financial association with another person who is a prospective licensed provider; or
• (b) a business or financial interest together with another person who is a prospective licensed provider.