61LSuitable person

61L Suitable person (1) In deciding whether an applicant is a suitable person to hold an approval the relevant controlling body must have regard to the following matters: (a) the applicant’s character or business reputation; (b) the applicant’s current financial position and financial background; (c) if the applicant has a business association with another entity— (i) the other entity’s character or business reputation; and (ii) the other entity’s current financial position and financial background; (d) if the applicant is a corporation— (i) the character or business reputation of the corporation’s executive officers; and (ii) the current financial position and financial background of the corporation’s executive officers; (e) whether a prosecution or disciplinary action is proceeding under racing, gaming or wagering legislation or rules of racing or betting (whether in the Territory or elsewhere) against— (i) the applicant; or Part 5B Use of race field information Division 5B.2 Approval and conditions Section 61M page 36 Racing Act 1999 Effective: 26/11/25 R24 26/11/25 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au (ii) an employee of the applicant; or (iii) an entity with which the applicant has a business association; (f) a matter prescribed by regulation. (2) In deciding whether an applicant is a suitable person to hold an approval the relevant controlling body may have regard to any other relevant matter. (3) In this section: executive officer, of a corporation, means anyone, by whatever name called and whether or not the person is a director of the corporation, who is concerned with, or takes part in, the corporation’s management.