Northern Territory Consolidated Acts

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RACING AND BETTING ACT 1983 - SECT 109E

Licensed premises and conditions

    (1)     A betting exchange licence applies in relation to the premises specified in the licence.

    (2)     Without limiting section 24(3), the Commission may impose on a betting exchange licence granted to a body corporate conditions relating to the structure and assets of the body corporate, including conditions requiring:

        (a)     the approval of the Commission before any change may be made to the structure or assets, or the executive officers, of the body corporate; and

        (b)     the giving of undertakings and the lodging of securities by executive officers of the body corporate.



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