Victorian Current Acts Victorian Current Acts(1) If the Commission determines that an associate of a gambling industry participant has engaged or is engaging in conduct that, in the Commission's opinion, is unacceptable for a person who is concerned in or associated with the gambling business of the gambling industry participant, the Commission may—
(a) issue a written warning to the associate that the conduct is unacceptable; or
(b) give written notice to the associate requiring the associate to give a written undertaking to the Commission, within the period specified in the notice, regarding the future conduct of the associate.
(2) If the associate fails to give an undertaking required under subsection (1)(b) or breaches an undertaking given under that provision, the Commission may give the associate written notice requiring the associate to terminate, within 14 days or a longer period agreed with the Commission, the association with the gambling industry participant.
(3) If the association is not terminated within 14 days after the date of the notice referred to in subsection (2) or any longer period agreed with the Commission, the Commission may, by notice in writing, direct the gambling industry participant to take all reasonable steps to terminate the association.
(4) A gambling industry participant must comply with the direction under subsection (3) within 14 days or any longer period agreed with the Commission.
Division 5—Forfeiture and sale of shares in gambling industry participants
S. 10.4A.10 inserted by No. 56/2010 s. 59.