Victorian Current Acts Victorian Current ActsS. 1.4(1) amended by No. 56/2010, s. 58(1).
(1) For the purposes of this Act, an associate of a gambling industry participant is—
S. 1.4(1)(a) amended by No. 56/2010, s. 58(2).
(a) a person who holds or will hold any relevant financial interest, or is or will be entitled to exercise any relevant power (whether in right of the person or on behalf of any other person) in the gambling business of the gambling industry participant, and by virtue of that interest or power, is able or will be able to exercise a significant influence over or with respect to the management or operation of that business; or
S. 1.4(1)(b) amended by No. 56/2010, s. 58(2).
(b) a person who is or will be an executive officer, whether in right of the person or on behalf of any other person, of the gambling business of the gambling industry participant; or
S. 1.4(1)(c) amended by No. 56/2010, s. 58(2).
(c) if the gambling industry participant is a natural person—a person who is a relative of the gambling industry participant.
S. 1.4(1A) inserted by No. 62/2017 s. 28.
(1A) For the purposes of this Act, a person is not taken to be an associate of a gambling industry participant only because the person and the participant are parties to a registered assignment agreement within the meaning of Chapter 3.
S. 1.4(2) amended by Nos 54/2004 s. 12(1), 29/2009 s. 45(1), 56/2010 s. 58(3).
(2) Subsection (1) does not apply for the purposes of Division 6A of Part 3A of Chapter 4 (Betting Exchanges).
Note to s. 1.4(2) amended by No. 54/2004 s. 12(2), substituted by Nos 29/2009 s. 45(2), 56/2010 s. 58(4).
Note
Section 4.3A.34A defines associate for the purposes of Division 6A of Part 3A of Chapter 4.
(3) In this section—
"executive officer", in relation to a body (whether incorporated or not), means—
(a) a director, secretary or member of the committee of management of the body (by whatever name called); or
(b) any other person who is concerned with, or takes part in, the management of the body, whether or not the person's position is given the name of executive officer;
"relative", in relation to a person, means—
(a) the spouse or domestic partner of the person;
(b) a parent, son, daughter, brother or sister of the person; or
(c) a parent, son, daughter, brother or sister of the spouse or domestic partner of the person;
"relevant financial interest", in relation to a gambling business, means—
(a) any share in the capital of the business; or
(b) any entitlement to receive any income derived from the business; or
(c) any entitlement to receive any payment as a result of money advanced;
relevant power means any power, whether exercisable by voting or otherwise and whether exercisable alone or in association with others—
(a) to participate in any directorial, managerial, or executive decision; or
(b) to elect or appoint any person as an executive officer.