14ALicensing of bookmakers

14A Licensing of bookmakers

14A Licensing of bookmakers

(1) An application for a bookmaker licence may be made—

(a) by a natural person of or over the age of 18 years, or

(b) by a proprietary company.

(2) Racing NSW must refuse to licence a proprietary company as a bookmaker unless satisfied that the company is an eligible company.

(3) For the purposes of this section, an eligible company means a proprietary company that is registered under the Corporations Act 2001 of the Commonwealth and in which—

(a) each director, shareholder and person concerned in the management of the company is of or over the age of 18 years, and

(b) each director is licensed as an individual as a bookmaker under this Act, and

(c) each director is a shareholder and person concerned in the management of the company, and

(d) each shareholder who is not a director is a close family member of a director, and

(e) each shareholder or person concerned in the management of the company who is not a director is, in the opinion of Racing NSW, a fit and proper person to be licensed as an individual as a bookmaker under this Act, and

(f) subject to the regulations, no person (other than a shareholder) has any interest in the shares or assets of the company.

(4) It is a condition of a bookmaker licence granted to a company that—

(a) the company continues to be an eligible company, and

(b) no shareholder or person concerned in the management of the company, other than a director, is licensed as an individual as a bookmaker under this Act, and

(c) no director, shareholder or person concerned in the management of the company—

(i) carries on the business of a bookmaker, otherwise than on behalf of the company, in relation to any horse, harness or greyhound race, at a meeting for horse racing in New South Wales, or

(ii) carries on, at a racecourse licensed for horse racing, the business of a bookmaker in respect of a declared betting event otherwise than on behalf of the company, or