sec.74Changing conditions of key person licence

sec.74 Changing conditions of key person licence

The chief executive may decide to change the conditions of a key person licence if the chief executive considers it necessary or desirable to make the change for the proper conduct of interactive games or otherwise in the public interest. If the chief executive decides to change the conditions of a key person licence, the chief executive must immediately— give the key person licensee— written notice of the changed conditions; and an information notice about the decision; and if the chief executive believes there is currently a key relationship between the key person licensee and a licensed provider—give the licensed provider a copy of the information notice. The key person licensee must return the licence to the chief executive within 7 days of receiving the information notice, unless the licensee has a reasonable excuse. Maximum penalty—40 penalty units. On receiving the licence, the chief executive must— amend the licence in an appropriate way and return the amended licence to the key person licensee; or if the chief executive does not consider it practicable to amend the licence—issue another key person licence, incorporating the changed conditions, to the key person licensee to replace the licence returned to the chief executive. The change of conditions does not depend on the licence being amended to record the change or a replacement licence being issued. The change of conditions takes effect— on the day the information notice is given to the key person licensee; or if a later day of effect is stated in the notice—on the later day. The power of the chief executive under subsection (1) includes the power to add conditions to an unconditional licence. s 74 amd 2004 No. 21 s 63 (sec.74-ssec.1) The chief executive may decide to change the conditions of a key person licence if the chief executive considers it necessary or desirable to make the change for the proper conduct of interactive games or otherwise in the public interest. (sec.74-ssec.2) If the chief executive decides to change the conditions of a key person licence, the chief executive must immediately— give the key person licensee— written notice of the changed conditions; and an information notice about the decision; and if the chief executive believes there is currently a key relationship between the key person licensee and a licensed provider—give the licensed provider a copy of the information notice. (sec.74-ssec.3) The key person licensee must return the licence to the chief executive within 7 days of receiving the information notice, unless the licensee has a reasonable excuse. Maximum penalty—40 penalty units. (sec.74-ssec.4) On receiving the licence, the chief executive must— amend the licence in an appropriate way and return the amended licence to the key person licensee; or if the chief executive does not consider it practicable to amend the licence—issue another key person licence, incorporating the changed conditions, to the key person licensee to replace the licence returned to the chief executive. (sec.74-ssec.5) The change of conditions does not depend on the licence being amended to record the change or a replacement licence being issued. (sec.74-ssec.6) The change of conditions takes effect— on the day the information notice is given to the key person licensee; or if a later day of effect is stated in the notice—on the later day. (sec.74-ssec.7) The power of the chief executive under subsection (1) includes the power to add conditions to an unconditional licence.