Victorian Current Acts Victorian Current Acts(1) The Commission must not approve a wholly-owned subsidiary of the licensee for appointment as an operator unless satisfied that the subsidiary, and each associate of the subsidiary, is a suitable person to be concerned in, or associated with, the management and operation of a wagering business or a gaming business, or both, as the case requires.
(2) In particular, the Commission must consider whether—
(a) the subsidiary, and each associate of the subsidiary, is of good repute, having regard to character, honesty and integrity;
(b) the subsidiary, and each associate of the subsidiary, is of sound and stable financial background;
(c) the subsidiary has, or is able to obtain, financial resources that are adequate to ensure the financial viability of a wagering business or a gaming business, or both, and the services of persons who have sufficient experience in the management and operation of a wagering business or a gaming business, or both;
(d) the subsidiary has sufficient business ability to establish and maintain a successful wagering business and a successful gaming business;
(e) neither the subsidiary nor any associate of the subsidiary has any association with any person, body or association who or which, in the opinion of the Commission, is not of good repute having regard to character, honesty and integrity as a result of which the subsidiary or the associate is likely to be significantly affected in an unsatisfactory manner;
(f) each director, executive officer or secretary of the subsidiary and any other officer or person determined by the Commission to be associated or connected with the ownership or management of the operations or business of the subsidiary, is a suitable person to act in that capacity.
Ch. 4 Pt 3 Div. 5 (Heading and ss 4.3.18–4.3.27) amended by No. 104/2004 ss 9– 12, repealed by No. 56/2010 s. 61(3).
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Division 6—Further licensing restrictions and requirements