Wagering Act 1998
sec.112Lapsing of licence
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sec.112 Lapsing of licence
A key person licence lapses if the key person licensee is a licensed employee and— at the end of 1 year after the licence was issued, the licensee has not been employed (whether as a key employee or in another capacity) by an authority operator; or the licensee ceases to be employed by an authority operator and is not re-employed by the same or another authority operator within the following 3 months. A key person licence lapses if the key person licensee is licensed as a key operator and ceases to be a key operator. (sec.112-ssec.1) A key person licence lapses if the key person licensee is a licensed employee and— at the end of 1 year after the licence was issued, the licensee has not been employed (whether as a key employee or in another capacity) by an authority operator; or the licensee ceases to be employed by an authority operator and is not re-employed by the same or another authority operator within the following 3 months. (sec.112-ssec.2) A key person licence lapses if the key person licensee is licensed as a key operator and ceases to be a key operator.
- (a) at the end of 1 year after the licence was issued, the licensee has not been employed (whether as a key employee or in another capacity) by an authority operator; or
- (b) the licensee ceases to be employed by an authority operator and is not re-employed by the same or another authority operator within the following 3 months.