New South Wales Consolidated Acts

ENTERTAINMENT INDUSTRY ACT 1989 - SECT 41

41 Application etc of bond lodged with Council

(1) If, in the opinion of the Council, a performer suffers loss because of any act or omission of an entertainment industry agent or a manager, the Council may:

(a) realise money secured by a bond lodged with the Council by the agent or manager under section 40 and apply it to assist the performer, and

(b) require the agent or manager to lodge with the Council, within the time specified in writing by the Council, a further bond under that section for the same amount as the Council has applied to assist the performer.

(2) If an entertainment industry agent or a manager fails to lodge that further bond within the time specified, the Council may suspend the licence held by the agent or manager until such time as the further bond is lodged.

(3) If an entertainment industry agent or a manager ceases to be the holder of a licence, the agent or manager is entitled to be refunded any money secured by a bond lodged with the Council and which is standing to the credit of the agent or manager.

(4) Any such refund is to be paid only if the Council is satisfied that all liabilities of the agent or manager under this Act (including any amount owing to a performer under an award, industrial agreement or entertainment industry contract) have been discharged or adequately provided for.