Wagering Act 1998
sec.115Recording change of conditions
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sec.115 Recording change of conditions
The key person licensee must return the key person licence to the chief executive within 7 days of receiving the information notice notifying a change of conditions, unless the licensee has a reasonable excuse. Maximum penalty—40 penalty units. On receiving the key person licence, the chief executive must— amend the licence in an appropriate way and return the amended licence to the key person licensee; or if the chief executive does not consider it practicable to amend the licence—issue a replacement key person licence, incorporating the changed conditions, to the key person licensee. (sec.115-ssec.1) The key person licensee must return the key person licence to the chief executive within 7 days of receiving the information notice notifying a change of conditions, unless the licensee has a reasonable excuse. Maximum penalty—40 penalty units. (sec.115-ssec.2) On receiving the key person licence, the chief executive must— amend the licence in an appropriate way and return the amended licence to the key person licensee; or if the chief executive does not consider it practicable to amend the licence—issue a replacement key person licence, incorporating the changed conditions, to the key person licensee.
- (a) amend the licence in an appropriate way and return the amended licence to the key person licensee; or
- (b) if the chief executive does not consider it practicable to amend the licence—issue a replacement key person licence, incorporating the changed conditions, to the key person licensee.