New South Wales Consolidated Acts

GAMING MACHINES ACT 2001 - SECT 25

25 Lease requires approval of Authority

(1) A lease of a gaming machine entitlement does not have any effect unless the lease is approved by the Authority and complies with the requirements of this Division and any requirements of the regulations.

(2) A lease of a gaming machine entitlement cannot be varied so as to change the term of the lease or the number of gaming machine entitlements leased except with the approval of the Authority.

(3) The termination of a lease of a gaming machine entitlement otherwise than by expiration of the term of the lease does not have effect until written notice of the termination has been given to the Authority by the lessor and lessee.

(4) An application for the Authority's approval of the lease of a gaming machine entitlement must--

(a) be accompanied by the fee (if any) prescribed by the regulations, and

(b) be accompanied by such particulars or other matter as may be required by the Authority in relation to the proposed lease, and

(c) in the case of an application for the lease of an entitlement held by a hotel--demonstrate, to the satisfaction of the Authority, that the proposed lease is supported by each person who, in the opinion of the Authority, has a financial interest in the hotel licence, and

(d) be in the form and made in the manner determined by the Authority from time to time.

(5) A person is taken to have a financial interest in a hotel licence for the purposes of this section if the person is entitled to receive any income derived from the business carried on under the authority of the licence or any other financial benefit or financial advantage from the carrying on of the business (whether the entitlement arises at law or in equity or otherwise). However, a person is not to be considered as having a financial interest in a hotel licence by reason only of being the owner of the hotel.