Australian Capital Territory Current Acts

GAMING MACHINE ACT 2004 - SECT 173I

    (1)     This section applies if a class B licensee gives the commission notice of a notifiable action that includes the disposal of a class B authorisation to a class C licensee under division 6A.6 (Trading of authorisations and gaming machines).

    (2)     On receiving notice of the notifiable action, the commission must—

        (a)     if the class B authorisations are acquired by a class C licensee—amend the class C licensee's authorisation schedule to include the details of the acquired authorisations; and

        (b)     either—

              (i)     if all class B authorisations under the class B licensee's authorisation certificate are disposed of—cancel the licence and authorisation certificate; or

              (ii)     in any other case—amend the authorisation schedule to remove the authorisations.

Note     For the acquisition of class B authorisations as part of the purchase of a disposing licensee's business, see div 2B.4.