TAB (Disposal) Act 2019

In this section —

means anything necessary or convenient to be done for the purpose of conducting any activities authorised by the licence; but

does not include the acceptance of a bet or the payment of a dividend.

This section applies to a wagering licence if the licence takes effect at a time specified in the licence that is later than the time of grant of the licence.

The wagering licence may authorise the wagering licensee to take preparatory action from a time specified in the licence (which may be the time of grant) even though the licence has not taken effect.

An authorisation under subsection (3) may specify a single time from which any preparatory action may be taken or different times from which different kinds of preparatory action may be taken.

A time specified from which preparatory action may be taken must not be more than 18 months before the time the wagering licence takes effect.

Despite section 10C(1)(a), the wagering licence is taken to be in effect for the purpose of any preparatory action taken in accordance with an authorisation under subsection (3).

No account is to be had to this section in determining the term of the licence under section 10C(1)(b).