Queensland Numbered Acts

QUEEN'S WHARF BRISBANE ACT 2016 - SECT 14

14 Becoming a party to casino agreement

(1) This section applies to a person if—

(a) the person proposes to become a holding entity of a relevant entity; or

(b) the person proposes to become a trustee of a trust to which each of the following applies—

(i) a consortium party is a trustee of the trust;

(ii) the trust is a relevant entity;

(iii) the trust holds interests in another relevant entity; or

(c) the Governor in Council decides, on the Minister’s recommendation, to require the person to become a party to the casino agreement, including, for example, as a condition of granting an approval under chapter 4, part 2, division 1; or

(d) the person and the Minister agree in writing that the person will become a party to the casino agreement.

(2) Despite subsection (1), the Minister may decide this section does not apply to a person mentioned in subsection (1)(a) or (b).

(3) The person must, on or before the compliance day, sign a deed in the approved form (an
"accession deed" ) under which the person becomes, subject to the terms and conditions stated in the deed, each of the following—

(a) a party to the casino agreement;

(b) a consortium party;

(c) a relevant entity;

(d) if applicable, an ultimate parent under the casino agreement.

Penalty—

Maximum penalty—40 penalty units.

Note—

A direction may also be given under chapter 4, part 3 enforcing compliance with this requirement.

(4) For subsection (3), the
"compliance day" is—

(a) for a person mentioned in subsection (1)(a) or (b)—

(i) the day that is 2 weeks before the day on which the person becomes a holding entity or trustee mentioned in the subsection; or

(ii) if the Minister gives the person a written notice stating a later day for the purposes of this subsection—the later day; or

(b) for a person mentioned in subsection (1)(c)—the day stated in the Governor in Council’s decision for the purposes of this subsection; or

(c) for a person mentioned in subsection (1)(d)—the day agreed by the person and the Minister for the purposes of this subsection.

(5) For subsection (4)(b), the day stated in the Governor in Council’s decision must be at least a reasonable period after notice of the decision is given to the person.

(6) The accession deed takes effect when—

(a) the signed accession deed has been published in the gazette; and

(b) it has become unconditional.

(7) This section does not limit the operation of chapter 4, part 2.