Racing Integrity Act 2016
sec.82Suitability of business and executive associates
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sec.82 Suitability of business and executive associates
This section applies to the commission in deciding whether a business associate or an executive associate of an applicant for a racing bookmaker’s licence is a suitable person to be associated with the applicant. The commission may have regard to all of the following matters— the associate’s character or business reputation; the associate’s current financial position and financial background; if the associate has a business association with another entity— the other entity’s character or business reputation; and the other entity’s current financial position and financial background; if the associate is a corporation—the persons who have a substantial holding in the associate, or in a corporation that is a holding company of the associate. (sec.82-ssec.1) This section applies to the commission in deciding whether a business associate or an executive associate of an applicant for a racing bookmaker’s licence is a suitable person to be associated with the applicant. (sec.82-ssec.2) The commission may have regard to all of the following matters— the associate’s character or business reputation; the associate’s current financial position and financial background; if the associate has a business association with another entity— the other entity’s character or business reputation; and the other entity’s current financial position and financial background; if the associate is a corporation—the persons who have a substantial holding in the associate, or in a corporation that is a holding company of the associate.
- (a) the associate’s character or business reputation;
- (b) the associate’s current financial position and financial background;
- (c) if the associate 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;
- (i) the other entity’s character or business reputation; and
- (ii) the other entity’s current financial position and financial background;
- (d) if the associate is a corporation—the persons who have a substantial holding in the associate, or in a corporation that is a holding company of the associate.
- (i) the other entity’s character or business reputation; and
- (ii) the other entity’s current financial position and financial background;