159Prohibited conduct

159 Prohibited conduct (1) An on-course bookmaker licensee must not, without the approval of the Commission, enter into a partnership in relation to the business carried on under the licence with a person whose name is not endorsed on the licence.

Racing and Wagering Act 2024 73 (2) A wagering licensee must not, without the approval of the Commission: (a) borrow money or obtain financing for use in the business carried on under the licence except from: (i) an ADI, a foreign ADI or a financial institution regulated under the law of another country; or (ii) its shareholders or owners; or (b) lay off a wager with another person unless that person is licensed to conduct wagering in accordance with the law of the jurisdiction where the person conducts business; or (c) procure a person to make a wager on behalf of the licensee or another licensee that, if made by the licensee, would be contrary to this Act; or (d) sell or transfer to another person a wager receipt that is required to be issued to a customer under section 184. Example for subsection (2)(a)(ii) Debentures from shareholders or loans from a parent company.