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Gaming Control Act Australian Lottery Company Agreement pursuant to section 46C dated 29 January 2008



Gaming Control Act Australian Lottery Company Agreement pursuant to section 46C dated 29 January 2008

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Tabled paper 1218


Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT






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.




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PAYMENT OF REVENUE SHARE The Territory shall pay FORTY FIVE PER CENT (45%) of the Revenue (such share hereinafter referred to as "the Revenue Share") to the Company monthly in arrears due within thirty (30) days of receipt by the Territory from the Government of Victoria of the Territory's portion of the Duty in the manner directed by the Company. COMPLIANCE WITH LAWS (a) The Company shall conduct the Operation in a high class reputable manner to its best endeavours and shall comply with all laws and contractual obligations from any source which apply to the Operation and the Company including but without limit to the generality of the foregoing: (i) this Agreement; (ii) the Act; and (iii) all laws of Victoria and agreements with Tattersalls and/or the Government of Victoria in relation to or in connection with the accreditation of the Company as representative of Tattersalls and the sale of Tattersalls Products by the Company. (b) Clause 5(a) shall not be construed or interpreted as restricting or limiting any other more specific provision of this Agreement. (c) The Territory shall use its best endeavours to notify the Company in advance of any proposed alterations or additions to those provisions of the Act including the directions which apply to or affect the Company and allow the Company a reasonable opportunity to provide its comments provided that any failure to so notify and allow shall not in any circumstances affect the validity or operation of such alterations or additions. ASSIGNMENT (a) The Company shall not assign, sell, transfer, or otherwise dispose of the benefit of or their rights under the Licence and this Agreement or any interest therein (in this Clause referred to as "an assignment") without the prior consent in writing of the Territory which shall not be arbitrarily withheld and subject to any conditions imposed by the Territory. (b) If the Territory consents to an assignment, without limiting any other conditions that may be imposed, a condition of that consent shall be that the Company shall prior to the assignment procure: (i) the execution by the assignee of a covenant in a form reasonably approved by the Territory to be bound by the obligations and duties of the Company under this Agreement; and 4

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