Territory Stories

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

Details:

Title

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

Other title

Tabled paper 1218

Collection

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

Date

2008-02-12

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/10070/283834

Citation address

https://hdl.handle.net/10070/410487

Page content

(ii) the execution by, if the assignee is a company, the shareholders of the assignee and if any of the shareholders are companies, the shareholders of those shareholders of a covenant in a form reasonably required by the Territory prohibiting alterations to the company structure. (c) The Company shall not mortgage, charge or otherwise encumber the benefit of or their rights under the Licence and this Agreement or any interest therein without the prior consent in writing of the Territory and subject to any conditions imposed by the Territory. COMPANY STRUCTURE (a) At the Commencement Date, the Company warrants that all issued shares in the capital of the Company are held and beneficially owned by: (i) Michael John Hannon; and (ii) Gregory John Bitomsky. (b) During the Term the Companys shareholders shall not assign, sell, transfer, or otherwise dispose of or mortgage, charge or otherwise encumber any share or shares held by them in the capital of the Company or any interest therein or do, procure, allow or permit any other act whereby another person becomes entitled within the meaning of the Corporations Act 2001 (Cth) to such share or shares without the prior approval in writing of the Territory. (c) During the Term the Company shall not: (i) issue any shares in the capital of the Company other than those on issue as at the Commencement Date; (ii) appoint any director or alternate director to the Company; (iii) register any transfer of shares in the capital of the Company; or (iv) alter or amend the Constitution of the Company; without the prior approval in writing of the Territory; and shall: (v) force to vacate his or her office any director of the Company in accordance with any direction of the Territory to that effect. (d) The Company shall, when requested by the Territory, make available to the Territory all information in respect of the shareholders, directors and corporate structure of the Company and all minutes of meetings of shareholders and directors and other records of the Company insofar as the same relates to the duties and obligations of the Company under this Agreement.


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