Western Australian Consolidated Acts Western Australian Consolidated Acts (1) If the Minister
determines, on the advice of the Commission, that a person that is a close
associate of a public company —
(a) with
which the Minister has entered into a casino complex agreement; or
(b) that
is a casino licensee,
is not, or is no
longer, a suitable person to be concerned in or associated with the gaming
operations of a licensed casino, the Minister may cause to be served on the
person a notice in writing requiring the person to dispose of any shares,
units or other interest, as specified in the notice and within the period so
specified, by virtue of which the person is a close associate of the public
company.
(2) A person served
with a notice under subsection (1) shall comply with the notice.
Penalty: $30 000.
(3) A report of a
determination by the Minister under subsection (1) shall be included in
the annual report submitted by the accountable authority of the Commission
under Part 5 of the Financial Management Act 2006 .
[Section 19B inserted by No. 24 of 1998
s. 14; amended by No. 77 of 2006 s. 17.]