Australian Capital Territory Repealed Acts

This legislation has been repealed.

CASINO CONTROL ACT 1988 (REPEALED) - SECT 119

    (1)     The casino licensee must use a banking account approved in writing by the commission for each banking transaction that relates to the operation of the casino or to the casino operation agreement.

Maximum penalty: 50 penalty units.

    (2)     The commission may approve several banking accounts for use by the casino licensee.

    (3)     The commission must not approve a banking account unless—

        (a)     the account is with—

              (i)     a bank as defined in the Banking Act 1959 (Cwlth), section 5; or

              (ii)     a bank, credit union or building society constituted under a Territory law; or

              (iii)     a similar institution constituted outside the ACT; and

        (b)     if the account is maintained outside the ACT—the commission is satisfied that there is good reason for the casino licensee to have the account; and

        (c)     the casino has authorised the institution to give details of the account to the commission on request.

    (4)     The commission may place restrictions on the use by the casino licensee of a banking account outside the ACT.