Victorian Consolidated Regulations

GAMBLING REGULATIONS 2015 - REG 26

    (1)     For the purposes of regulation 23(k) and (l), an entitlement holder (the first entitlement holder ) holds an aggregate interest in another entitlement holder if—

        (a)     the first entitlement holder holds a direct interest and one or more indirect interests in the other entitlement holder; or

        (b)     the first entitlement holder holds two or more indirect interests in the other entitlement holder; or

        (c)     the first entitlement holder holds a direct interest and one or more indirect interests in the other entitlement holder, and another person holds an interest in the other entitlement holder and also holds an interest, has a power or has a relationship referred to in regulation 23(a) to (j) in relation to the first entitlement holder; or

        (d)     the first entitlement holder holds two or more indirect interests in the other entitlement holder, and another person holds an interest in the other entitlement holder and also holds an interest, has a power or has a relationship referred to in regulation 23(a) to (j) in relation to the first entitlement holder.

    (2)     The value of the aggregate interest held by the first entitlement holder in the other entitlement holder is calculated by adding together the following—

        (a)     the value of the direct interest (if any) of the first entitlement holder in the other entitlement holder;

        (b)     the value of each indirect interest of the first entitlement holder in the other entitlement holder;

        (c)     for the purpose of subregulation (1)(c) and (d), the value of each interest (if any) of a person (other than the first entitlement holder) in the other entitlement holder.