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

7 application to the Minister for his consent for the purposes o f paragraph (d), (e) or (f) as the case may be. During that period of 14 days the Operator shall not be in breach of this agreement nor shall there be an event of default by reason of the lack of the Minister's consent for the purposes of paragraph (d), (e) or (f) as the case may be. Should application for consent be made within the 14 day period specified the Operator shall not be in breach o f this agreement nor shall there be an event of default by feason of lack of the Minister's consent for the purposes of paragraph (d), (e) or (f) as the case may be until the Minister has notified the Operator of his decision to withhold consent and the Operator has not within 10 days after such notification, notified the Minister that the action to which the Minister has withheld consent has been reversed or rescinded; (i) after the effective date the Operator shall, when requested by the Minister, procure make available to the Minister all information in respect of the Operator's shareholders, directors or corporate structure and all minutes o f meetings of shareholders and directors and other records o f or in relation to the Operator so far as they are relevant to the provisions of this subclause; (j) the Operator shall notify the Minister within 14 days o f a change in the shareholding of the Operator; (k) provided that in the Minister's opinion there has been no material alterations in the suitability o f Kuan Peng Soon, for the purpose of clause 3.1(d) and (h) the Minister consents to Kuan Peng Soon being appointed a director of the? Operator within the period of 6 months from the effective date, or such further period as the Minister may agree to. 3.2 Lasseters Corporation It is a condition of this agreement and the licence that: (a) on the effective date the directors of Lasseters Corporation shall be: Frederick Arthur Finch Peter Edward Bridge JayaTan Kamal Tan Tajuddin Tan Christopher Cullen Allan Farrar John Walton (b) on the effective date the secretary of Lasseters Corporation shall be Michael Head; (c) on the effective date 100% of the issued share capital of Lasseters Corporation shall be publicly traded subject to the securities and exchange laws in force in Australia; and (d) on the effective date Lasseters Holdings shall hold 76% of the issued share capital o f Lasseters Corporation and be the registered owner of the controlling interest in the capital of Lasseters Corporation; DRWDOCS\COULTSI\26019.13


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