136Security

136 Security (1) If requested by the Commission, a wagering licensee must give security to cover the potential liability of the licensee under this Act. (2) The Commission may determine the form and amount or value of the required security, not exceeding the amount or value prescribed by regulation. (3) The Commission may, from time to time, vary the form, amount or value of the required security to reflect changes in the potential liability of the licensee. (4) The security given by a licensee may be used to pay any liability of the licensee for the following (in order of priority): (a) any arrears for taxes or levies under this Act; (b) any amount owed to customers of the licensee.