8
CurrentPurchaser to be granted licence under Totalisator Licensing and Regulation Act 2000
8 Purchaser to be granted licence under Totalisator Licensing and Regulation Act 2000
(1)
Before the sale of the NT TAB is completed, the authority, within the meaning of the Totalisator Licensing and Regulation Act 2000, must grant under that Act a totalisator licence to the purchaser authorising the purchaser to conduct the business purchased.
(2)
Sections 14 to 19 (inclusive) and section 20(1), (2) and (4) of the Totalisator Licensing and Regulation Act 2000 do not apply in relation to the grant of the totalisator licence to the purchaser.
(3)
The totalisator licence granted to the purchaser is to take effect on the completion of the sale of the NT TAB.
This Act’s bill:Second reading speech
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