sec.62Suitability of involved persons

sec.62 Suitability of involved persons

This section applies to the Minister in deciding whether— a proposed wagering manager (the involved person ) is a suitable person to be a wagering manager; or a wagering manager (also the involved person ) is a suitable person to be a wagering manager. The Minister may have regard to the following matters— the involved person’s business reputation; the involved person’s current financial position and financial background; 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 a wagering manager’s operations; whether the involved person has the appropriate business ability, knowledge or experience to successfully conduct operations as a wagering manager; 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 as a wagering manager; 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.62-ssec.1) This section applies to the Minister in deciding whether— a proposed wagering manager (the involved person ) is a suitable person to be a wagering manager; or a wagering manager (also the involved person ) is a suitable person to be a wagering manager. (sec.62-ssec.2) The Minister may have regard to the following matters— the involved person’s business reputation; the involved person’s current financial position and financial background; 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 a wagering manager’s operations; whether the involved person has the appropriate business ability, knowledge or experience to successfully conduct operations as a wagering manager; 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 as a wagering manager; 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.

• (a) a proposed wagering manager (the involved person ) is a suitable person to be a wagering manager; or
• (b) a wagering manager (also the involved person ) is a suitable person to be a wagering manager.