Nominee
132 Nominee
(1) An applicant who is applying for a betting exchange licence or sports bookmaker licence must nominate an individual to be a nominee and to represent the applicant for the purposes of its operation under the licence.
Note for subsection (1)
Individual applicants can nominate themselves to be the nominee.
(2) It is a condition of a betting exchange licence and sports bookmaker licence that the licensee have an individual resident in the Territory as the nominee.
(3) The nominee must be an individual approved by the Commission, whose approval will not be unreasonably withheld.
(4) A licensee must not change the nominee without the approval of the Commission without reasonable excuse.
Note for subsection (4)
The sudden resignation of a nominee would be a reasonable excuse.
(5) If a licensee changes the nominee without approval of the Commission because of a reasonable excuse, the licensee must seek the Commission's approval for the nominee as soon as practicable.
The nominee must, during business hours:
be contactable by the Director or the Commission; and
(b) be available to provide access to the premises of the licensee by the Director, the Commission or an inspector.
(7) If the nominee is or is expected to be absent from the Territory or is not readily contactable, the licensee must ensure that an alternative nominee is designated by the licensee, approved by the Commission and able to perform the functions of nominee.
This Act’s bill:Explanatory statementSecond reading speech
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