sec.53Terms of appointment, and role, of administrator

sec.53 Terms of appointment, and role, of administrator

This section applies to an administrator appointed by the Governor in Council to conduct operations under a wagering authority. For any matter not provided for under this Act, the administrator holds office on terms decided by the Governor in Council. The administrator— has full control of, and responsibility for, the operations of the authority holder conducted under the wagering authority (including operations relating to anything that had been started but not finished at the time of the administrator’s appointment); and subject to any directions by the Minister, must conduct the operations as required by this Act as if the administrator were the authority holder. The costs of and incidental to the conduct and administration of an authority holder’s operations by an administrator under this section (the costs of administration ) are payable by the authority holder. Any profits derived from the conduct of the authority holder’s operations by the administrator are, after payment of the costs of administration, to be paid to the authority holder. This section and section 51 (1) (b) (iii) apply despite the Corporations Act . s 53 amd 2001 No. 45 s 29 sch s 2 – 3 (sec.53-ssec.1) This section applies to an administrator appointed by the Governor in Council to conduct operations under a wagering authority. (sec.53-ssec.2) For any matter not provided for under this Act, the administrator holds office on terms decided by the Governor in Council. (sec.53-ssec.3) The administrator— has full control of, and responsibility for, the operations of the authority holder conducted under the wagering authority (including operations relating to anything that had been started but not finished at the time of the administrator’s appointment); and subject to any directions by the Minister, must conduct the operations as required by this Act as if the administrator were the authority holder. (sec.53-ssec.4) The costs of and incidental to the conduct and administration of an authority holder’s operations by an administrator under this section (the costs of administration ) are payable by the authority holder. (sec.53-ssec.5) Any profits derived from the conduct of the authority holder’s operations by the administrator are, after payment of the costs of administration, to be paid to the authority holder. (sec.53-ssec.6) This section and section 51 (1) (b) (iii) apply despite the Corporations Act .

• (a) has full control of, and responsibility for, the operations of the authority holder conducted under the wagering authority (including operations relating to anything that had been started but not finished at the time of the administrator’s appointment); and
• (b) subject to any directions by the Minister, must conduct the operations as required by this Act as if the administrator were the authority holder.