sec.13Suitability of involved persons

sec.13 Suitability of involved persons

This section applies to the Minister in deciding whether— an applicant for a wagering licence (the involved person ) is a suitable person to hold a wagering licence; or a wagering licensee (also the involved person ) is a suitable person to hold a wagering licence; or an applicant for an oncourse wagering permit (also the involved person ) is a suitable person to hold an oncourse wagering permit; or a permit holder (also the involved person ) is a suitable person to hold an oncourse wagering permit. The Minister may have regard to the following matters— the involved person’s character or business reputation; the involved person’s current financial position and financial background; if the involved person is not an individual—whether the person has, or has arranged, a satisfactory ownership, trust or corporate structure; whether the involved person has, or is able to obtain, financial resources the Minister considers to be adequate to ensure the financial viability of operations conducted under a wagering authority of the kind applied for, or held, by the involved person; whether the involved person has the appropriate business ability, knowledge or experience to successfully conduct operations under a wagering authority of the kind applied for, or held, by the involved person; whether the involved person has, or is able to obtain, the services of persons with appropriate business ability, knowledge or experience to enable the involved person to successfully conduct operations under a wagering authority of the kind applied for, or held, by the involved person; if the involved person has a business association with another entity— the entity’s character or business reputation; and the entity’s current financial position and financial background; anything else prescribed under a regulation. (sec.13-ssec.1) This section applies to the Minister in deciding whether— an applicant for a wagering licence (the involved person ) is a suitable person to hold a wagering licence; or a wagering licensee (also the involved person ) is a suitable person to hold a wagering licence; or an applicant for an oncourse wagering permit (also the involved person ) is a suitable person to hold an oncourse wagering permit; or a permit holder (also the involved person ) is a suitable person to hold an oncourse wagering permit. (sec.13-ssec.2) The Minister may have regard to the following matters— the involved person’s character or business reputation; the involved person’s current financial position and financial background; if the involved person is not an individual—whether the person has, or has arranged, a satisfactory ownership, trust or corporate structure; whether the involved person has, or is able to obtain, financial resources the Minister considers to be adequate to ensure the financial viability of operations conducted under a wagering authority of the kind applied for, or held, by the involved person; whether the involved person has the appropriate business ability, knowledge or experience to successfully conduct operations under a wagering authority of the kind applied for, or held, by the involved person; whether the involved person has, or is able to obtain, the services of persons with appropriate business ability, knowledge or experience to enable the involved person to successfully conduct operations under a wagering authority of the kind applied for, or held, by the involved person; if the involved person has a business association with another entity— the entity’s character or business reputation; and the entity’s current financial position and financial background; anything else prescribed under a regulation.