Victorian Current Acts

GAMBLING REGULATION ACT 2003 - SECT 4.3.8

    (1)     Subject to subsection (2), the Governor in Council may grant to an applicant recommended by the Commission—

        (a)     a wagering licence; and

        (b)     a gaming licence—

on payment by the applicant of the premium payment.

    (2)     The Governor in Council must not grant the licences unless the Minister, after consultation with the Commission—

        (a)     is satisfied—

              (i)     that the arrangements between the current licensee and VicRacing or Racing Products have been or, before the licences commence, will be, concluded to the reasonable satisfaction of the parties; or

              (ii)     that a reasonable opportunity has been given for such a conclusion of those arrangements; and

        (b)     is satisfied that the applicant has entered into, or made a binding offer to enter into, arrangements with VicRacing and arrangements with Racing Products that, in the opinion of the Minister, after consultation with the Commission, are no less favourable to VicRacing and Racing Products than those last in force between a licensee (other than a licensee appointed under section 4.3.33) and VicRacing or Racing Products, as the case requires.