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This is a Bill, not an Act. For current law, see the Acts databases.
PARLIAMENT OF VICTORIA
Gambling Regulation Amendment Bill 2009
TABLE OF PROVISIONS
Clause Page
1 Purposes 1
2 Commencement 2
3 Principal Act 2
4 Extension of gaming operator's licence 2
5 Gaming machine entitlements that are transferred before the
specified date 3
6 Exemption from requirement to pay 75% of prescribed profit
obtained on transfer 3
7 Definition of participants 4
8 Minister may declare company to be participant 4
9 Repeal of Act 5
ENDNOTES 6
561403B.I-9/6/2009 i BILL LA INTRODUCTION 9/6/2009
PARLIAMENT OF VICTORIA
Introduced in the Assembly
Gambling Regulation Amendment
Bill 2009
A Bill for an Act to amend the Gambling Regulation Act 2003 and
for other purposes.
The Parliament of Victoria enacts:
1 Purposes
The main purposes of this Act are to amend the
Gambling Regulation Act 2003--
(a) to provide for an extension of the term of the
5 gaming operator's licence; and
(b) to increase the amount of prescribed profit
that a venue operator must pay to the
Treasurer upon the transfer of a gaming
machine entitlement under section 3.4A.18
10 of that Act; and
561403B.I-9/6/2009 1 BILL LA INTRODUCTION 9/6/2009
Gambling Regulation Amendment Bill 2009
s. 2
(c) to make further provision in relation to who
can be a participant for the conduct and
promotion of club keno games.
2 Commencement
5 This Act comes into operation on the day after the
day on which it receives the Royal Assent.
3 Principal Act
See: In this Act, the Gambling Regulation Act 2003 is
Act No.
114/2003. called the Principal Act.
Reprint No. 2
as at
1 October
2007
and
amending
Act Nos
16/2004,
39/2007,
72/2007,
4/2008,
12/2008,
40/2008,
71/2008,
73/2008 and
2/2009.
LawToday:
www.
legislation.
vic.gov.au
10 4 Extension of gaming operator's licence
At the end of section 3.4.32 of the Principal Act
insert--
"(2) If invited by the Minister to do so, the holder
of a gaming operator's licence may apply to
15 the Minister, before the licence expires, for a
licence extension.
(3) On application under subsection (2), the
Minister may extend the term of the gaming
operator's licence only so that the licence
20 expires on 15 August 2012.
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Gambling Regulation Amendment Bill 2009
s. 5
(4) The term of a gaming operator's licence may
be extended only once.
(5) Before the term of a gaming operator's
licence is extended under this section, the
5 holder of the licence must pay to the
Treasurer as consideration for the licence
extension, one or more amounts determined
by the Treasurer as the premium payment for
the licence extension.
10 (6) The premium payment referred to in
subsection (5) is a tax.".
5 Gaming machine entitlements that are transferred
before the specified date
(1) In section 3.4A.18(2) of the Principal Act, for
15 "50% of the prescribed profit earned" substitute
"75% of the prescribed profit obtained".
(2) After section 3.4A.18(3) of the Principal Act
insert--
"(4) In this section--
20 financial benefit means anything of
economic or market value and
includes--
(a) property and services;
(b) any benefit specified in the
25 regulations to be a financial
benefit;
profit includes the value of a financial
benefit.".
6 Exemption from requirement to pay 75% of
30 prescribed profit obtained on transfer
(1) In the heading to section 3.4A.19 of the Principal
Act, for "50% of prescribed profit earned"
substitute "75% of prescribed profit obtained".
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Gambling Regulation Amendment Bill 2009
s. 7
(2) In section 3.4A.19(1) of the Principal Act, for
"50% of the prescribed profit earned" substitute
"75% of the prescribed profit obtained".
7 Definition of participants
5 In section 6.1.2 of the Principal Act, in the
definition of participants, for paragraph (a)
substitute--
"(a) the holder of a gaming operator's licence for
the term of that licence (excluding any
10 period of that term as extended under
section 3.4.32(3));".
8 Minister may declare company to be participant
For section 6.5.1(2) of the Principal Act
substitute--
15 "(2) A declaration declaring a company to be a
participant ceases to have effect--
(a) if the company ceases to be a wholly-
owned subsidiary of the holder of a
gaming operator's licence, on the day
20 that company so ceases; or
(b) if the term of the gaming operator's
licence is not extended under section
3.4.32(3), on the day that term ends; or
(c) if the term of the gaming operator's
25 licence is extended under section
3.4.32(3), on the day that term would
have ended but for that extension.
(2A) Subsection (2) applies to a declaration that is
in force on or after the day on which
30 section 8 of the Gambling Regulation
Amendment Act 2009 comes into
operation.".
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Gambling Regulation Amendment Bill 2009
s. 9
9 Repeal of Act
This Act is repealed on the first anniversary of its
commencement.
Note
5 The repeal of this Act does not affect the continuing operation of
the amendments made by it (see section 15(1) of the
Interpretation of Legislation Act 1984).
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Gambling Regulation Amendment Bill 2009
Endnotes
ENDNOTES
By Authority. Government Printer for the State of Victoria.
561403B.I-9/6/2009 6 BILL LA INTRODUCTION 9/6/2009
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