Northern Territory Consolidated Acts

RACING AND BETTING ACT - SECT 90

(1) The Commission may grant or refuse to grant a licence applied for under section 89.

(2) For the purposes of determining whether to grant or refuse to grant a licence under this section the Commission may carry out, or cause to be carried out, such investigations and inquiries as the Commission considers necessary.

(2A) In determining whether to grant or refuse to grant a licence under this section, the Commission must have regard to the following:

(a) whether the applicant is of good repute, having regard to character, honesty and integrity;

(b) whether the applicant is of sound and stable financial background;

(c) in respect of a corporation - whether it has or has arranged a satisfactory ownership, trust or corporate structure;

(d) whether the applicant has or is able to obtain financial resources that are adequate to ensure the financial viability of the business proposed to be conducted and to obtain the services of persons who have sufficient experience in the management and operation of the business;

(e) whether the applicant has sufficient business ability to establish and maintain the business proposed to be conducted;

(f) whether the applicant or any person to be involved in the management or operation of the business proposed to be conducted has any association with any person, body or association who or which, in the opinion of the Commission, is not of good repute having regard to character, honesty and integrity or has undesirable or unsatisfactory financial resources;

(g) whether each director, partner, trustee, executive officer and secretary and any other officer or person determined by the Commission to be associated or connected with the ownership, administration or management of the operations or business of the applicant is a suitable person to act in that capacity.

(3) A licence shall apply to the premises specified in the licence.

(5) Without limiting the generality of subsection (4), where the Commission grants a licence to a corporation, it may impose conditions relating to the structure and assets of the corporation, including requiring the approval of the Commission before any change may be made to its structure or assets or to the Directors and persons concerned in the management or control of the corporation and requiring the giving of undertakings and the lodging of securities by directors and persons concerned in the management or control of the corporation.

(5A) Where a licence is granted to a corporation, the licence document shall, in addition to the name of the corporation to which it is granted, have endorsed on it the name and address of the person nominated in the application for the licence as required by section 89(2).

(6) Where a licence is granted to a person who has applied for the licence on behalf of and for the benefit of himself and other persons, the licence shall, in addition to the name of the sports bookmaker, contain an endorsement of the names and addresses of the persons, other than the sports bookmaker, on behalf of whom and for whose benefit the licence is granted.

(7) A person whose name is not endorsed on a licence who, except with the approval of the Commission, acquires or holds an interest in or derives a benefit from the business of bookmaking carried on by a sports bookmaker is guilty of an offence.

Penalty: $5,000.