GAMBLING REGULATION ACT 2003 – SECT 3.4A.18
Gaming machine entitlements that expire on 15 August 2022 and which are transferred earlier than specified date
S. 3.4A.18(1) amended by No. 62/2017 s. 21(2).
(1) This section applies if a venue operator, in
accordance with the gaming machine entitlement allocation and switch guidelines,
transfers a gaming machine entitlement that expires on 15 August 2022 to
one other venue operator earlier than the day that’s 6 months after the
gaming machine entitlement declared day that applies to that entitlement.
S. 3.4A.18(2) amended by No. 43/2009 s. 5(1).
(2) The venue operator should pay to the Treasurer
the quantity of 75% of the prescribed profit obtained by the operator from the
switch until the operator has been granted an exemption underneath
part 3.4A.19.
(3) The Treasurer might get better an quantity specified
in subsection (2) as a debt because of the State.
S. 3.4A.18(4) inserted by No. 43/2009 s. 5(2).
(4) In this section—
“financial benefit” means anything of economic or market value and
consists of—
(a) property and companies;
(b) any profit specified within the
laws to be a financial benefit;
“profit” consists of the value of a financial benefit.