sec.22Conditions for granting application for wagering licence

sec.22 Conditions for granting application for wagering licence

During the exclusivity period for a race wagering licence, the Minister may grant an application for a race wagering licence only if the applicant is UBET or a UBET subsidiary. During the exclusivity period for a sports wagering licence, the Minister may grant an application for a sports wagering licence only if the applicant is UBET or a UBET subsidiary. If, in relation to an application for a race wagering licence, the Minister considers that, to ensure the effective conduct of authorised wagering under the licence, it would be necessary for the applicant to enter into arrangements with a racing entity, the Minister may grant the application only if the Minister is satisfied the applicant has entered into, or is in a position to enter into, appropriate arrangements with a racing entity. After the end of the exclusivity period for a race wagering licence, the Minister may grant an application for a race wagering licence only if the Minister is satisfied, having regard to relevant market conditions at the time, that appropriate commercial arrangements have been made between the interested parties that the Minister considers are no less favourable to the race companies than the arrangements last in force between the race companies and the initial licensee. Also, the Minister may grant an application for a wagering licence only if the Minister is satisfied— the applicant is a suitable person to hold a wagering licence; and each business and executive associate of the applicant is a suitable person to be associated with a wagering licensee’s operations. However, the Minister may refuse to grant an application even if the Minister is satisfied of the matters mentioned in subsection (5) . In this section— commercial arrangements includes commercial arrangements about the conduct of approved wagering. initial licensee means the race wagering licensee under a race wagering licence issued on the day this section commences. interested parties means the initial licensee, the applicant for the race wagering licence and the race companies. race companies means Queensland Race Co Ltd (ACN 081 743 777) and Queensland Race Product Co Ltd (ACN 081 743 722). racing entity means a control body under the Racing Act 2002 . s 22 amd 2004 No. 21 s 123 sch ; 2014 No. 53 s 8 ; 2018 No. 13 s 90 sch 2 (sec.22-ssec.1) During the exclusivity period for a race wagering licence, the Minister may grant an application for a race wagering licence only if the applicant is UBET or a UBET subsidiary. (sec.22-ssec.2) During the exclusivity period for a sports wagering licence, the Minister may grant an application for a sports wagering licence only if the applicant is UBET or a UBET subsidiary. (sec.22-ssec.3) If, in relation to an application for a race wagering licence, the Minister considers that, to ensure the effective conduct of authorised wagering under the licence, it would be necessary for the applicant to enter into arrangements with a racing entity, the Minister may grant the application only if the Minister is satisfied the applicant has entered into, or is in a position to enter into, appropriate arrangements with a racing entity. (sec.22-ssec.4) After the end of the exclusivity period for a race wagering licence, the Minister may grant an application for a race wagering licence only if the Minister is satisfied, having regard to relevant market conditions at the time, that appropriate commercial arrangements have been made between the interested parties that the Minister considers are no less favourable to the race companies than the arrangements last in force between the race companies and the initial licensee. (sec.22-ssec.5) Also, the Minister may grant an application for a wagering licence only if the Minister is satisfied— the applicant is a suitable person to hold a wagering licence; and each business and executive associate of the applicant is a suitable person to be associated with a wagering licensee’s operations. (sec.22-ssec.6) However, the Minister may refuse to grant an application even if the Minister is satisfied of the matters mentioned in subsection (5) . (sec.22-ssec.7) In this section— commercial arrangements includes commercial arrangements about the conduct of approved wagering. initial licensee means the race wagering licensee under a race wagering licence issued on the day this section commences. interested parties means the initial licensee, the applicant for the race wagering licence and the race companies. race companies means Queensland Race Co Ltd (ACN 081 743 777) and Queensland Race Product Co Ltd (ACN 081 743 722). racing entity means a control body under the Racing Act 2002 .