Victorian Current Acts

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GAMBLING REGULATION ACT 2003 - SECT 4.3.28

Restrictions on directors of licensee or operator

    (1)     For the purposes of Division 7, the licensee is in contravention of this Act if a director of the licensee or an operator—

S. 4.3.28(1)(a) substituted by No. 22/2005 s. 5.

        (a)     is a director of, or has a voting power of 5% or more in—

              (i)     the holder of a casino licence; or

              (ii)     a person that holds a gaming operator's licence; or

              (iii)     another person (other than a subsidiary of the licensee) that holds a public lottery licence; or

        (b)     is a trustee of the will and estate of the late George Adams or a beneficiary in that estate.

    (2)     For the purposes of subsection (1), the voting power a person has in the holder of a licence referred to in subsection (1)(a) is the person's voting power determined in accordance with section 610 of the Corporations Act as if a reference in that section of that Act to a relevant interest were a reference to a relevant interest to which section 4.3.18(4) applies.



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