Australian Capital Territory Current Acts

GAMING MACHINE ACT 2004 - SECT 10C

    (1)     The Territory may enter into an agreement (a voluntary surrender agreement ) with a licensee in relation to the surrender of authorisations or authorisation certificates under section 10D if—

        (a)     the licensee has given a voluntary surrender notice to the Minister; and

        (b)     the agreement is entered into on or before the earlier of—

              (i)     8 February 2019; and

              (ii)     the voluntary surrender day for the licensee.

    (2)     A voluntary surrender agreement may provide for—

        (a)     an entitlement to the deemed payment or partial payment of an offset amount for the licensee; and

        (b)     the process by which the entitlement is to be claimed by the licensee; and

        (c)     any other matters agreed by the parties.

    (3)     The term of each voluntary surrender agreement is extended until 1 April 2028, despite anything to the contrary in any agreement.

    (4)     A voluntary surrender agreement must be entered into for the Territory by the Treasurer or the Minister.

    (5)     In this section:

"offset amount"—see section 10H (4).