sec.163Relationship of key officials with prospective keno licensees

sec.163 Relationship of key officials with prospective keno licensees

This section applies if a key official knowingly has, directly or indirectly— a business or financial association with another person who is a prospective keno licensee; or a business or financial interest in something together with another person who is a prospective keno licensee. However, this section applies only if the key official has been given a direction by the chief executive not to have a financial relationship with an authorised keno operator. Immediately after the key official becomes aware that the other person is a prospective keno licensee, 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 is 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 keno licensee means a person who has entered into a keno agreement with the intention of becoming a keno licensee but to whom a keno licence has not yet been issued. (sec.163-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 keno licensee; or a business or financial interest in something together with another person who is a prospective keno licensee. (sec.163-ssec.2) However, this section applies only if the key official has been given a direction by the chief executive not to have a financial relationship with an authorised keno operator. (sec.163-ssec.3) Immediately after the key official becomes aware that the other person is a prospective keno licensee, the official must give written notice of the official’s association or interest to the chief executive. Maximum penalty—40 penalty units. (sec.163-ssec.4) 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.163-ssec.5) However, the chief executive may give the direction only if the chief executive considers it is appropriate to take the action in the public interest. (sec.163-ssec.6) 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.163-ssec.7) In this section— prospective keno licensee means a person who has entered into a keno agreement with the intention of becoming a keno licensee but to whom a keno licence has not yet been issued.