5Gaming management agreements

5 Gaming management agreements

(1)  Subject to this section, a licensee may at any time enter into a gaming management agreement with a company that –

(a) [Section 5 Subsection (1) amended by No. 42 of 2001, Sched. 1, Applied:15 Jul 2001] is incorporated under the Corporations Act; and

(b) [Section 5 Subsection (1) amended by No. 9 of 2003, Sched. 1, Applied:16 Apr 2003] .  .  .  .  .  .  .  .  

(2)  A gaming management agreement may be entered into on such terms, including terms relating to the recovery of costs incurred by the licensee in connection with the issue of a gaming licence, as are agreed by the parties and specified in the agreement.

(3)  Notwithstanding subsection (2) , the terms of a gaming management agreement entered into by a licensee are not to contravene or be inconsistent with the terms of the licensee's gaming licence.

(4)  A licensee must not enter into a gaming management agreement in respect of a ship if the licensee has previously entered into a gaming management agreement in respect of that ship that is still in force.

(5)  A gaming management agreement comes into force on the day specified in it as the commencement date.