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INTERACTIVE GAMBLING (PLAYER PROTECTION) ACT 1998 - SECT 74
Changing conditions of key person licence
74 Changing conditions of key person licence
(1) The chief executive may decide to change the conditions of a key person
licence if the chief executive considers it necessary or desirable to make the
change for the proper conduct of interactive games or otherwise in the public
interest.
(2) If the chief executive decides to change the conditions of a
key person licence, the chief executive must immediately— (a) give the key
person licensee— (i) written notice of the changed conditions; and
(ii) an
information notice about the decision; and
(b) if the chief executive
believes there is currently a key relationship between the key person licensee
and a licensed provider—give the licensed provider a copy of the information
notice.
(3) The key person licensee must return the licence to the chief
executive within 7 days of receiving the information notice, unless the
licensee has a reasonable excuse. Penalty— Maximum penalty—40 penalty
units.
(4) On receiving the licence, the chief executive must— (a) amend
the licence in an appropriate way and return the amended licence to the key
person licensee; or
(b) if the chief executive does not consider it
practicable to amend the licence—issue another key person licence,
incorporating the changed conditions, to the key person licensee to replace
the licence returned to the chief executive.
(5) The change of conditions
does not depend on the licence being amended to record the change or a
replacement licence being issued.
(6) The change of conditions takes
effect— (a) on the day the information notice is given to the key person
licensee; or
(b) if a later day of effect is stated in the notice—on the
later day.
(7) The power of the chief executive under subsection (1) includes
the power to add conditions to an unconditional licence.
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