New South Wales Consolidated Acts
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TOTALIZATOR ACT 1997 - SECT 29
No proprietary right in licence
29 No proprietary right in licence
A licence confers no right of property and
is incapable of being assigned or mortgaged, charged or otherwise encumbered.
This section does not prevent a licensee from conducting activities authorised
by the licence in the course of a joint venture or other arrangement to which
the licensee is a party.
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