South Australian Consolidated Acts South Australian Consolidated Acts76A—Financing of licensee's business
(1) The Minister may,
by notice in the Gazette, grant an exemption from such provisions of this Act
as may be necessary for the purpose of enabling—
(a) the
holder of a gaming machine licence, the special club licence or a
gaming machine dealer's licence and a credit provider to enter into any
arrangements (including leasing arrangements) for the financing of the
licensee's acquisition of gaming machines or gaming machine entitlements or
otherwise financing the business conducted on the licensed premises; and
(b) a
credit provider to exercise rights of repossession and sale over
gaming machines, and gaming machine entitlements, subject to any credit
arrangement.
(2) An exemption is
subject to any conditions specified in the notice.
(3) The Minister may,
by subsequent notice in the Gazette, vary an exemption.
(4) If a credit
provider repossesses or acquires a gaming machine or
gaming machine entitlement under an arrangement to which an exemption relates,
the credit provider—
(a)
must, within 7 days after the repossession or acquisition, give written
notice to the Commissioner of the repossession or acquisition; and
(b) must
ensure the gaming machine is not operated while in the ownership of the credit
provider; and
(c) must
ensure the gaming machine is, while in the ownership of the credit provider,
stored by the holder of a gaming machine dealer's licence or gaming machine
service licence in a secure storage location; and
(d) must
not sell the gaming machine except to the holder of a gaming machine dealer's
licence; and
(e)
must, within 7 days after selling or otherwise disposing of the
gaming machine or gaming machine entitlement, give written notice to the
Commissioner of the details of the sale or other disposition.
Maximum penalty: $35 000.