54 Significant changes in relation to class 4 operator’s licence must be notified

(1)

A corporate society holding a class 4 operator’s licence must notify the Secretary, and provide details, if any of the following things occur:

(a)

the corporate society or a key person is convicted of a relevant offence:

(b)

the corporate society or a key person is placed in receivership, goes into liquidation, or is adjudged bankrupt:

(c)

the corporate society or a key person breaches a rule of racing made under the Racing Act 2003:

(d)

a key person ceases to be a key person or is incapable of performing the duties of his or her position:

(e)

a change is proposed to the corporate society’s governing document that may affect the corporate society’s ability to comply with this Act or the licence.

(2)

Notification must be made before, or as soon as practicable after, the changes occur.

(3)

The powers and obligations in section 51 apply to a notification as if the notification were an application for a class 4 operator’s licence.

(4)

The Secretary may require the corporate society to apply for an amendment under section 57, or may invoke the suspension or cancellation provisions under sections 58 and 59, as a result of the notification.