Page 465 - Week 02 - Tuesday, 18 March 2014

(i) has a reputation for sound business conduct; and

(ii) has a reputation for sound character; and

(iii) has a satisfactory financial position and financial background.

Proposed new clause 26A

Page 15, line 2—

insert

26A Exercise of powers must be relevant to executive officer’s eligibility

(1) This section applies to a function of the commission under this part.

(2) The commission may exercise the function only to assess whether an executive officer of a corporation is an eligible person.

Clause 41 (3)

Page 23, line 13—

omit

Clause 42 (1)

Page 23, line 20—

after

the Minister

insert

, and the Minister is satisfied,

Proposed new clause 42 (3) to (5)

Page 24, line 7—

insert

(3) The direction must also state—

(a) the grounds on which the Minister is satisfied that the integrity of the totalisator is likely to be seriously compromised; and

(b) that the person receiving the direction may give a written response to the Minister about the direction.

(4) The direction takes effect on the day the Minister gives it.

(5) The Minister may revoke the direction by written notice if the Minister is satisfied—

(a) after considering any written response from the person who received the direction—the direction is not required; or

(b) the direction has been complied with.