South Australian Consolidated Acts

CASINO ACT 1997 - SECT 14A

14A—Approval or ratification of transactions to which this Division applies

        (1)         An application for the Authority's approval or ratification of a transaction to which this Division applies—

            (a)         must be made to the Authority by the parties to the transaction in the form required by the Authority; and

            (b)         must be supported by the information required by the Authority.

        (2)         If a transaction to which this Division applies results or might result in the acquisition by a person other than the licensee of power to conduct, or to control or exercise significant influence over the conduct of, the casino business, the Authority—

            (a)         must assess the suitability of that person to exercise that power and, in doing so, must apply (to the extent they are applicable) the same criteria as apply to assessing the suitability of a prospective licensee; and

            (b)         must not approve or ratify the transaction unless satisfied that the person is a suitable person to exercise the relevant power.

        (3)         An application for the Authority's approval or ratification of a transaction to which this Division applies may be withdrawn by a party to the transaction at any time before the application is determined.