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GAMING CONTROL ACT 1993 - SECT 18 Financial accommodation

GAMING CONTROL ACT 1993 - SECT 18

Financial accommodation

(1)  The Minister and the Commission may enter into an agreement with a licensed operator and a financial institution, registered under the Banking Act 1959 of the Commonwealth, in relation to the provision of financial accommodation to the licensed operator by the financial institution.
(2)  The agreement may specify the actions to be taken by the Commission –
(a) if the licensed operator is placed under external administration under the Corporations Act; and
(b) if the Commission is empowered under Division 6 of Part 5 to cancel or suspend a casino licence or a keno operator's licence held by the licensed operator.