Victorian Numbered Acts

GAMBLING REGULATION FURTHER AMENDMENT ACT 2009 (NO. 58 OF 2009) - SECT 52

After Division 8 of Part 4A of Chapter 3 insert —

" Division 8A—Forfeiture of gaming machine entitlements following offers to purchase those entitlements

        3.4A.27A     Forfeiture to State—after reduction of regional or municipal district limit

    (1)     This section applies if—

        (a)     an Order has been made under section 3.4A.20C to reduce the number of gaming machine entitlements in a region or municipal district; and

        (b)     a venue operator holds gaming machine entitlements to which that Order relates; and

        (c)     that venue operator does not reduce the number of gaming machine entitlements the operator holds in accordance with a direction under section 3.4A.20F.

    (2)     On the day after the day determined in the Order as the day on which the offer to purchase gaming machine entitlements expires, all of the gaming machine entitlements to which the direction under section 3.4A.20F relates and which are held by the operator contrary to the direction are forfeited to the State.".