New South Wales Consolidated Acts

PUBLIC LOTTERIES ACT 1996 - SECT 16

16 Consideration payment for licence

(1) The Minister may, on the occasion of the grant of an operator licence, require the licensee to pay a
"consideration payment" in connection with the grant of the licence.

(2) The Minister may determine that the consideration payment is to be payable wholly in respect of the operator licence or may determine that it is to be apportioned between the operator licence and any one or more of the product licences issued to the licensee when the operator licence is issued.

(3) The Minister may determine that a consideration payment is to be--

(a) a single amount payable on grant of the licence or licences concerned or by a later time determined by the Minister, as consideration for the grant of the licence or licences, or

(b) an amount (or variable amounts) payable periodically for the duration of the licence or licences concerned and at the times determined by the Minister, as consideration for the continuation of the licence or licences.

(4) A requirement or determination of the Minister under this section requires the approval of the Treasurer.

(5) It is a condition of a licence that the licensee must pay any consideration payment that the licensee is required to pay under this section.

(6) A consideration payment paid by a licensee pursuant to a requirement under this section is not recoverable on the grounds of, or on any ground arising from, the surrender, cancellation, suspension or transfer of the licence concerned.

(7) A consideration payment paid to the Minister under this section is to be paid into the Consolidated Fund.