Territory Stories

Extension of Internet Gaming Operators Agreement Between Hon. S J Stirling Minister for Racing Gaming and Licensing and Lasseters Casino PTY LTD dated 19 November 2001

Details:

Title

Extension of Internet Gaming Operators Agreement Between Hon. S J Stirling Minister for Racing Gaming and Licensing and Lasseters Casino PTY LTD dated 19 November 2001

Other title

Tabled paper 164

Collection

Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled papers; ParliamentNT

Date

2001-11-28

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/284808

Citation address

https://hdl.handle.net/10070/407768

Page content

6 3. CORPORATE STRUCTURE 3.1 The Operator It is a condition of this agreement and the licence that: (a) on the effective date the directors of the Operator shall be:v / j? Frederick Arthur Finch Jaya Tan; Tajuddin Tan; * Kamal Tan; and Peter Edward Bridge; (b) on the effective date the secretary of the Operator shall be Peter Edward Bridge; (c) on the effective date 100% of the issued share capital o f the Operator shall be held both legally and beneficially by Lasseters Corporation; (d) subject to paragraph (h) and (k), after the effective date no director or secretary of the Operator shall be appointed without the consent in writing of the Minister (which consent may be granted or withheld by the Minister in his absolute discretion); (e) subject to paragraph (h), after the effective date no person other than Lasseters Corporation shall become entitled either legally or beneficially to any share in the capital of the Operator without the consent in writing o f the Minister (which consent may be granted or withheld by the Minister in his absolute discretion); (f) subject to paragraph (h), after the effective date the Operator shall not mortgage, charge or otherwise encumber any of the assets or undertaking o f the Operator (except where such mortgage, charge or encumbrance is given in favour of an approved bank or where in mortgaging, charging or otherwise encumbering such asset or undertaking no right is granted or purportedly granted to the mortgagee, chargee or encumbrancee or any other person to take effective control o f the Operator) without the consent in writing of the Minister (which consent may be granted or withheld by the Minister in his absolute discretion); (g) after the effective date the Operator shall notify the Minister of any change to the constitution of the Operator within 14 days o f such change; (h) upon: (i) a director or secretary of the Operator being appointed; (ii) a person other than Lasseters Corporation becoming entitled either legally or beneficially to any share in the capital of the Operator; or (iii) the Operator mortgaging, charging or otherwise encumbering any o f the assets or undertakings of the Operator contrary to paragraph (f); there shall be a period of 14 days during which the Operator shall make DRWDOCS\CC)ULTSI\26019.13


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