Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) The casino licensee may apply, in writing, to the commission for approval to use a banking account.
Note 1 If a form is approved under the Control Act
, s 53D for this provision, the form must be used.
Note 2 A fee may be determined under s 143 for this provision.
(2) On application under subsection (1), the commission must approve, or refuse to approve, the use of a banking account by the casino licensee.
(3) An approval must be in writing.
(4) The commission may approve more than 1 banking account for use by the casino licensee.
(5) The commission must not approve a banking account unless—
(a) the account is kept with an authorised deposit-taking institution; and
(b) if the account is kept outside the ACT—the commission is satisfied that there is good reason for the casino licensee to keep the account outside the ACT; and
(c) the casino licensee has authorised the institution to give details of the account to the commission on request.
(6) The commission may place restrictions on the use of a banking account kept outside the ACT.