What corporate licence must include
93 What corporate licence must include
A racing bookmaker’s licence for a corporation must state the name of each executive officer of the corporation who may carry on bookmaking for the corporation under the licence.
The commission must not, under subsection (1), state an executive officer’s name in the licence unless the executive officer—
has been investigated by the commission and found suitable to be associated with the licence holder; and
is a person whom the commission reasonably believes has the experience and knowledge necessary to properly carry on bookmaking for the corporation under the licence.
This Act’s bill:Explanatory memorandumSecond reading speech
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