Victorian Current Acts Victorian Current ActsS. 3.4A.18(1) amended by No. 62/2017 s. 21(2).
(1) This section applies if a venue operator, in accordance with the gaming machine entitlement allocation and transfer rules, transfers a gaming machine entitlement that expires on 15 August 2022 to another venue operator before the day that is 6 months after the gaming machine entitlement declared day that applies to that entitlement.
S. 3.4A.18(2) amended by No. 43/2009 s. 5(1).
(2) The venue operator must pay to the Treasurer the amount of 75% of the prescribed profit obtained by the operator from the transfer unless the operator has been granted an exemption under section 3.4A.19.
(3) The Treasurer may recover an amount specified in subsection (2) as a debt due to the State.
S. 3.4A.18(4) inserted by No. 43/2009 s. 5(2).
(4) In this section—
"financial benefit" means anything of economic or market value and includes—
(a) property and services;
(b) any benefit specified in the regulations to be a financial benefit;
"profit" includes the value of a financial benefit.
S. 3.4A.18A inserted by No. 62/2017 s. 22.