Victorian Current Acts

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GAMBLING REGULATION ACT 2003 - SECT 10.4A.11

Sale of forfeited shares

    (1)     The Commission is to sell any shares forfeited to the State under this Division.

    (2)     For the purposes of any such sale, the Commission is not bound by any restriction on the sale of shares contained in the constitution of the gambling industry participant.

    (3)     Any money realised from the sale of forfeited shares under this section must, after deduction of the reasonable costs of the forfeiture and sale, be paid to the person from whom the shares were forfeited.

Division 6—Investigations for purposes of Divisions 4 and 5

S. 10.4A.12 inserted by No. 56/2010 s. 59.



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