sec.33Suitability of applicant to hold interactive gambling licence

sec.33 Suitability of applicant to hold interactive gambling licence

In deciding whether an applicant is a suitable person to hold an interactive gambling licence, the Minister may have regard to the following matters— the applicant’s character or business reputation; the applicant’s current financial position and financial background; if the applicant is not an individual—whether the applicant has, or has arranged, a satisfactory ownership, trust or corporate structure; whether the applicant has, or is able to obtain, appropriate resources and appropriate services; whether the applicant has the appropriate business ability to conduct interactive games successfully under an interactive gambling licence; if the applicant has a business association with another entity— the entity’s character or business reputation; and the entity’s current financial position and financial background; anything else prescribed under a regulation. In subsection (1) — appropriate resources means financial resources— adequate, in the Minister’s opinion, to ensure the financial viability of operations conducted under an interactive gambling licence; and available from a source that is not, in the Minister’s opinion, tainted with illegality. appropriate services means the services of persons who have appropriate experience to ensure the proper and successful conduct of interactive games. (sec.33-ssec.1) In deciding whether an applicant is a suitable person to hold an interactive gambling licence, the Minister may have regard to the following matters— the applicant’s character or business reputation; the applicant’s current financial position and financial background; if the applicant is not an individual—whether the applicant has, or has arranged, a satisfactory ownership, trust or corporate structure; whether the applicant has, or is able to obtain, appropriate resources and appropriate services; whether the applicant has the appropriate business ability to conduct interactive games successfully under an interactive gambling licence; if the applicant has a business association with another entity— the entity’s character or business reputation; and the entity’s current financial position and financial background; anything else prescribed under a regulation. (sec.33-ssec.2) In subsection (1) — appropriate resources means financial resources— adequate, in the Minister’s opinion, to ensure the financial viability of operations conducted under an interactive gambling licence; and available from a source that is not, in the Minister’s opinion, tainted with illegality. appropriate services means the services of persons who have appropriate experience to ensure the proper and successful conduct of interactive games.

• (a) the applicant’s character or business reputation;
• (b) the applicant’s current financial position and financial background;
• (c) if the applicant is not an individual—whether the applicant has, or has arranged, a satisfactory ownership, trust or corporate structure;