(1)  For the purposes of section 54C(3) of the Act, the following criteria are prescribed:

(a) whether –

(i) the applicant is a fit and proper person to hold the approval; and

(ii) granting the approval will, or will be likely to, undermine the integrity of the conduct of racing in Tasmania;

(b) whether or not the applicant holds a licence or authority (however described) under any State or Territory legislation to carry out the applicant's wagering operations (whether in Tasmania or elsewhere).

(2)  In determining an approval application, the Director must not take into account –

(a) the location in Australia where the applicant –

(i) resides or carries out his or her activities (in relation to an individual); or

(ii) has its head office or principal place of business (in relation to a corporation); and

(b) whether the applicant is licensed or authorised under the legislation of Tasmania as distinct from the legislation of another State or a Territory.