TAB (Disposal) Act 2019

In this section —

A wagering licensee must ensure that a person does not —

become an associate of the wagering licensee without the approval of the Commission; or

remain an associate of the wagering licensee after the approval of the Commission in respect of the person has been withdrawn.

A wagering licensee does not contravene subsection (2)(a) if —

the wagering licensee did not know, and could not reasonably have known, that the person would become an associate; and

as soon as practicable after the person becomes an associate, the wagering licensee —

notifies the Commission in writing of the association; and

describes the circumstances giving rise to the association; and

makes an application under subsection (4) in respect of the person.

The wagering licensee may apply to the Commission for the approval of a person to become or remain an associate of the wagering licensee.

The application —

must be in the form approved by the Commission; and

must be accompanied by the prescribed fee (if any).

In determining the application, the Commission must consider whether the person is of good financial standing and good repute.

Before determining the application, the Commission may give written notice to the person in respect of whom the application is made, directing the person to cease or refrain from conduct affecting the good repute of the person.

If the Commission refuses to approve an associate referred to in subsection (3), or withdraws an approval in respect of an associate, the Commission must give written notice to the associate and the wagering licensee directing them to terminate their association.

Without limiting subsection (8), the notice may —

direct the associate to dispose of a financial interest in the wagering business of the wagering licensee; or

direct the wagering licensee to remove the associate from a position from which the associate is able to exercise power over the wagering business of the wagering licensee.

An associate must comply with a direction under subsection (8) or (9)(a).

A wagering licensee must, as soon as practicable, notify the Commission if a person ceases to be an associate of the wagering licensee.