Race and Sports Bookmaking Act 2001

A sports bookmaker must give written notice to the commission after a change in any of the following particulars:

the name or business address of the sports bookmaker;

the directors of the sports bookmaker;

the name or business address of any director, or the secretary, of the sports bookmaker;

if the sports bookmaker is a proprietary company—the people who are influential shareholders of the sports bookmaker;

if another corporation is an influential shareholder of the sports bookmaker—the directors, or the people who are influential shareholders, of the other corporation.

The sports bookmaker must not fail to give a notice to the commission under subsection (1) within 14 days after the change happens or any longer period allowed by the commission.

Maximum penalty: 20 penalty units.

After receiving a notice under subsection (1), the commission may, in writing, require the sports bookmaker to give to the commission, within 14 days or any longer period allowed by the commission, further information in writing about—

the directors, or any stated director, of the sports bookmaker; or

the secretary of the sports bookmaker; or

any stated shareholder who is an influential shareholder of the sports bookmaker.

A person who receives a notice under subsection (3) must not, without reasonable excuse, fail to comply with the notice.

Maximum penalty: 50 penalty units.

A notice under subsection (1) stating that a person has become a director of the sports bookmaker must include a suitability authorisation for the director.

If a sports bookmaker gives the commission a notice under subsection (1) stating that a person has become an influential shareholder of the sports bookmaker, the commission may, in writing, require the sports bookmaker to provide a suitability authorisation for the influential shareholder.

If a sports bookmaker gives the commission a notice under subsection (1) stating that another corporation (the incoming corporation) has become an influential shareholder of the sports bookmaker, the commission may, in writing, require the sports bookmaker to provide a suitability authorisation for each director of the incoming corporation.

In this section:

suitability authorisation, for a person, means a written authorisation by the person authorising a police officer to make inquiries, and make a written report to the commission, about the character, and any criminal record, of the person.