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

Tajuddin Tan; JayaTan; (d) subject to paragraph (h) and (k), after the effective date no director or secretary of Lasseters Holdings shall be appointed without the consent in writing o f 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 the shareholders listed in clause 3.3(c) shall become entitled either legally or beneficially to any share in the capital of Lasseters Holdings 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 Lasseters Holdings shall not mortgage, charge or otherwise encumber any o f the assets or undertaking o f Lasseters Holdings (except where such mortgage, charge or encumbrance is given in favour o f 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 of Lasseters Holdings) without the consent i n 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 o f any change to the memorandum or articles of association of Lasseters Holdings within 14 days o f such change; (h) upon: (i) a director or secretary of Lasseters Holdings being appointed; (ii) a person other than a shareholder listed in clause 3.3(c) becoming entitled either legally or beneficially to any share in the capital of Lasseters Holdings; or (iii) Lasseters Holdings mortgaging, charging or otherwise encumbering any of the assets or undertakings of Lasseters Holdings contrary to paragraph (f); there shall be a period of 14 days during which the Operator shall make 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 o f 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 of this agreement nor shall there be an event o f default by reason 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 o f 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; 10 DRWDOCS\COULTSI\26019.13


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