Northern Territory Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

RACING AND BETTING ACT 1983 - SECT 109F

Endorsements

    (1)     A betting exchange licence granted to a body corporate must be endorsed with the name and address of the individual nominated under section 109B(2)(c) in the application for the licence.

    (2)     A betting exchange licence granted to a person who applied for the licence on behalf of, and for the benefit of, the person and other persons, must be endorsed with the names and addresses of those other persons.

    (3)     A person commits an offence if:

        (a)     the person acquires or holds an interest in, or derives a benefit from, a betting exchange business conducted by a betting exchange operator; and

        (b)     the person's name is not endorsed on the operator's betting exchange licence.

Maximum penalty:     40 penalty units.

    (4)     Subsection (3) does not apply if the person has the approval of the Commission.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback