Victorian Current Acts Victorian Current Acts(1) The Commission may approve or refuse to approve a person nominated under section 4.5A.2(2)(d) by either approving or refusing to approve the nominated person and must notify the applicant of its decision in writing.
(2) The Commission may refuse to approve a nominated person unless it is satisfied that the person, and each associate of the person, is a suitable person to be concerned in or associated with the management and operation of the corporation.
(3) In determining whether a nominated person is a suitable person under subsection (2), the Commission must consider—
(a) whether the nominee is of good repute, having regard to character, honesty and integrity; and
(b) whether the nominee and each associate of the nominee are of a sound and stable financial background.
(4) If the Commission approves a nominated person, the Commission must issue an identity card to that person.
(5) If—
(a) the Commission refuses to approve a nominated person; or
(b) a nominee who has been approved by the Commission resigns, is dismissed or otherwise becomes unable to perform the functions of the nominee of the corporation—
the applicant or registration holder must nominate, within 60 days (or the longer period allowed by the Commission) after the refusal, resignation or dismissal, or becoming unable to perform, another individual aged 18 years or more for approval under this section to be the nominee of the corporation.
(6) A nominee approved under this section is liable under this Act as a registered bookmaker.
(7) The approval by the Commission of a nominee under this section does not limit the liability of the corporation as a registered bookmaker.
(8) A function of the Commission under this section may be performed by any commissioner.
S. 4.5A.9 inserted by No. 73/2008 s. 23.