sec.53Terms of appointment, and role, of administrator

sec.53 Terms of appointment, and role, of administrator

This section applies to an administrator appointed by the Governor in Council to conduct operations under an interactive gambling licence. For any matter not provided for under this Act, the administrator holds office on terms decided by the Governor in Council. The administrator— has full control of, and responsibility for, the operations of the licensed provider conducted under the interactive gambling licence (including authorised games that had been commenced but not completed as at the time of the administrator’s appointment); and subject to any directions by the Minister, must conduct the operations as required by this Act as if the administrator were the licensed provider. The costs of and incidental to the conduct and administration of a licensed provider’s operations by an administrator under this section (the costs of administration ) are payable by the licensed provider. Any profits derived from the conduct of the licensed provider’s operations by the administrator are, after payment of the costs of administration, to be paid to the licensed provider. This section applies despite the Corporations Act . s 53 amd 2001 No. 45 s 29 sch s 2 – 3 (sec.53-ssec.1) This section applies to an administrator appointed by the Governor in Council to conduct operations under an interactive gambling licence. (sec.53-ssec.2) For any matter not provided for under this Act, the administrator holds office on terms decided by the Governor in Council. (sec.53-ssec.3) The administrator— has full control of, and responsibility for, the operations of the licensed provider conducted under the interactive gambling licence (including authorised games that had been commenced but not completed as at the time of the administrator’s appointment); and subject to any directions by the Minister, must conduct the operations as required by this Act as if the administrator were the licensed provider. (sec.53-ssec.4) The costs of and incidental to the conduct and administration of a licensed provider’s operations by an administrator under this section (the costs of administration ) are payable by the licensed provider. (sec.53-ssec.5) Any profits derived from the conduct of the licensed provider’s operations by the administrator are, after payment of the costs of administration, to be paid to the licensed provider. (sec.53-ssec.6) This section applies despite the Corporations Act .

• (a) has full control of, and responsibility for, the operations of the licensed provider conducted under the interactive gambling licence (including authorised games that had been commenced but not completed as at the time of the administrator’s appointment); and
• (b) subject to any directions by the Minister, must conduct the operations as required by this Act as if the administrator were the licensed provider.