Liabilities of Commission after sale

Current

(1)

On the sale of the NT TAB, the Territory remains liable for:

(a)

the payment of all outstanding fees, taxes and charges payable in relation to the operations of the NT TAB before the sale;

(b)

the payment of any dividends or other payments or prizes that are unclaimed from or unpaid by the Commission at the time of the sale;

(c)

any other liability incurred by or obligation imposed on the Commission in administering the NT TAB before the sale; and

(d)

an act or omission done, caused, permitted or made by or on behalf of the Commission in administering the NT TAB before the sale.

(2)

Any term of an agreement for the sale and purchase of the NT TAB that is inconsistent with subsection (1) has no effect.

Research tools for this sectionSubscription

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.