Victorian Current Acts

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GAMBLING REGULATION ACT 2003 - SECT 3.7.6

Banking

S. 3.7.6(1) amended by No. 64/2014 s. 39(2).

    (1)     The monitoring licensee must, from time to time provide the Commission, as required, and in a form approved by the Commission, with a written authority addressed to the ADI referred to in section 3.4.49A authorising that institution to comply with any requirements of an inspector exercising powers under this section.

Penalty:     100 penalty units.

S. 3.7.6(2) amended by No. 64/2014 s. 39(2).

    (2)     An inspector may, by notice in writing, require the manager or other principal officer of an ADI referred to in section 3.4.49A to provide the inspector with—

        (a)     a statement of an approved linked jackpot trust account referred to in that section; and

        (b)     any other particulars relating to the account that are specified in the notice.

    (3)     A person to whom a notice is given under subsection (2) must comply with the notice.

Penalty:     60 penalty units.

    (4)     An inspector cannot exercise a power under subsection (2) without the prior written approval of the Commission.

S. 3.7.6AA inserted by No. 56/2010 s. 34.



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