sec.43Grounds for suspension or cancellation

sec.43 Grounds for suspension or cancellation

A ground for suspending or cancelling a wagering authority exists if the authority holder— is not a suitable person to hold a wagering authority of the kind held by the holder; or is convicted of an offence against this Act or a gaming Act; or is convicted of an indictable offence; or contravenes a provision of this Act (being a provision a contravention of which is not an offence against this Act); or contravenes a condition of the authority; or fails to discharge the holder’s financial commitments for the holder’s operations; or is affected by bankruptcy action, or by control action under the Corporations Act . Also, a ground for suspending or cancelling a wagering authority exists if— the authority was issued because of a materially false or misleading representation or declaration; or for a wagering licence—a business or executive associate of the wagering licensee is not a suitable person to be associated with a wagering licensee’s operations; or for an oncourse wagering permit—a business or executive associate of the permit holder is not a suitable person to be associated with a permit holder’s operations. For subsection (1) (g) , an authority holder is affected by bankruptcy action if the holder— is bankrupt; or has compounded with creditors; or has otherwise taken, or applied to take, advantage of any law about bankruptcy. For subsection (1) (g) , an authority holder is affected by control action under the Corporations Act if the holder— has executed a deed of company arrangement under that Act; or is the subject of a winding-up (whether voluntarily or under a court order) under that Act; or is the subject of an appointment of an administrator, liquidator, receiver or receiver and manager under that Act. s 43 amd 2001 No. 45 s 29 sch 3 (sec.43-ssec.1) A ground for suspending or cancelling a wagering authority exists if the authority holder— is not a suitable person to hold a wagering authority of the kind held by the holder; or is convicted of an offence against this Act or a gaming Act; or is convicted of an indictable offence; or contravenes a provision of this Act (being a provision a contravention of which is not an offence against this Act); or contravenes a condition of the authority; or fails to discharge the holder’s financial commitments for the holder’s operations; or is affected by bankruptcy action, or by control action under the Corporations Act . (sec.43-ssec.2) Also, a ground for suspending or cancelling a wagering authority exists if— the authority was issued because of a materially false or misleading representation or declaration; or for a wagering licence—a business or executive associate of the wagering licensee is not a suitable person to be associated with a wagering licensee’s operations; or for an oncourse wagering permit—a business or executive associate of the permit holder is not a suitable person to be associated with a permit holder’s operations. (sec.43-ssec.3) For subsection (1) (g) , an authority holder is affected by bankruptcy action if the holder— is bankrupt; or has compounded with creditors; or has otherwise taken, or applied to take, advantage of any law about bankruptcy. (sec.43-ssec.4) For subsection (1) (g) , an authority holder is affected by control action under the Corporations Act if the holder— has executed a deed of company arrangement under that Act; or is the subject of a winding-up (whether voluntarily or under a court order) under that Act; or is the subject of an appointment of an administrator, liquidator, receiver or receiver and manager under that Act.