Wagering Act 1998
sec.63Suitability of associates
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sec.63 Suitability of associates
This section applies to the Minister in deciding whether— a business or executive associate of a proposed wagering manager is a suitable person to be associated with a wagering manager’s operations; or a business or executive associate of a wagering manager is a suitable person to be associated with a wagering manager’s operations. The Minister may have regard to the following matters— the associate’s character or business reputation; the associate’s current financial position and financial background; if the associate 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.63-ssec.1) This section applies to the Minister in deciding whether— a business or executive associate of a proposed wagering manager is a suitable person to be associated with a wagering manager’s operations; or a business or executive associate of a wagering manager is a suitable person to be associated with a wagering manager’s operations. (sec.63-ssec.2) The Minister may have regard to the following matters— the associate’s character or business reputation; the associate’s current financial position and financial background; if the associate 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 business or executive associate of a proposed wagering manager is a suitable person to be associated with a wagering manager’s operations; or
- (b) a business or executive associate of a wagering manager is a suitable person to be associated with a wagering manager’s operations.
- (a) the associate’s character or business reputation;
- (b) the associate’s current financial position and financial background;
- (c) if the associate has a business association with another entity— (i) the entity’s character or business reputation; and (ii) the entity’s current financial position and financial background;
- (i) the entity’s character or business reputation; and
- (ii) the entity’s current financial position and financial background;
- (d) anything else prescribed under a regulation.
- (i) the entity’s character or business reputation; and
- (ii) the entity’s current financial position and financial background;