Victorian Current Acts

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GAMBLING REGULATION ACT 2003 - SECT 3.4A.17AA

Transfer agreement may provide for substitution of parties to registered assignment agreement

    (1)     This section applies to the assignment of a gaming machine entitlement if—

        (a)     the entitlement is transferred in accordance with this Division to a person other than the assignee; and

        (b)     the agreement that provides for the transfer provides that, under this section, the assignment is to continue with the transferee becoming the assignor.

    (2)     On the day of the transfer, the transferee becomes a party to the registered assignment agreement in place of the transferor (but only in relation to the transferred gaming machine entitlement).

    (3)     On and after the day of the transfer, the transferee is taken to be the assignor of the transferred gaming machine entitlement.

    (4)     Within 7 days of the transfer of the gaming machine entitlement, the transferor must give the Commission a notice in writing setting out the change in the assignment.

S. 3.4A.17AAB inserted by No. 62/2017 s. 42.



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