177Decision on approval of arrangement or agreement

177 Decision on approval of arrangement or agreement (1) The Commission may approve an arrangement or agreement referred to in section 176(1) if satisfied that the other person is suitable to be in the arrangement or agreement with the licensee. (2) When considering suitability under subsection (1), the Commission must consider the following criteria: (a) whether the other person is a fit and proper person, having regard to character, honesty and integrity; (b) whether the other person has any business association with any person, body or association who or which, in the opinion of the Commission, is not a fit and proper person having regard to character, honesty and integrity or has undesirable or unsatisfactory financial resources. (3) The Commission must give the licensee a decision notice if it approves or refuses to approve an arrangement or agreement between a licensee and a person. The arrangement or agreement can be terminated under section 214.

Racing and Wagering Act 2024 82 (4) The Commission may, in its decision notice: (a) clarify the scope of the obligations applicable to the person; and (b) limit the scope of the activities and relationship applicable to the person; and (c) impose conditions on the licensee and the person regarding the relationship. (5) The licensee must keep a record of any arrangement or agreement approved under this section.