Authorised Betting Operations Act 2000

The official manager—

is to assume control of the business conducted under the licence (or former licence); and

is entitled to possession and control of property of the licensee (or former licensee) used for the purposes of the business conducted under the licence; and

is, while the appointment continues in force, taken to be the holder of a licence of the same kind on conditions determined by the

Any proceeds of the business while under official management are to be applied as follows:

firstly, the proceeds are to be applied towards the costs of official management (including the official manager's remuneration);

secondly, a reasonable rental for the licensee's (or former licensee's) property is to be paid out of the proceeds to the licensee (or former licensee) while the property remains in the official manager's possession; and

thirdly, any remaining balance is to be paid into the Consolidated

However, an approved licensing agreement may operate to exclude or modify the provisions of subsection (2) in relation to a major betting operations licence.

The regulations may confer powers and impose duties on official managers and regulate official management in other ways.