South Australian Consolidated Acts

CASINO ACT 1997 - SECT 64

64—Powers of manager

        (1)         The official manager—

            (a)         is to assume control of the business conducted under the licence (or former licence); and

            (b)         is entitled to possession and control of property of the licensee (or former licensee) used for the purposes of the business conducted under the licence; and

            (c)         is, while the appointment continues in force, taken to be the holder of a licence on conditions determined by the Authority.

        (2)         Any proceeds of the business while under official management are to be applied as follows—

            (a)         first, a reasonable rental for the licensee's (or former licensee's) property is to be paid out of the proceeds to the licensee (or former licensee) while the property remains in the official manager's possession; and

            (b)         secondly, the proceeds are to be applied towards the costs of official management (including the official manager's remuneration); and

            (c)         thirdly, any remaining balance is to be paid into the Consolidated Account.

        (3)         However, the approved licensing agreement may operate to exclude or modify the provisions of subsection (2).

        (4)         The regulations may confer powers and impose duties on official managers and regulate official management in other ways.