(1) Section 104 is amended by repealing subsection (1) and substituting the following subsection:
“(1) A venue manager must bank all gaming machine profits from class 4 gambling directly into a dedicated account for gaming machine profits specified by, and in the name of, the holder of the class 4 operator’s licence at a registered bank in New Zealand.”
(2) Section 104(2) is amended by omitting “The gaming machine profits must be banked ” and substituting “The venue manager must bank the gaming machine profits”.
“The gaming machine profits must be banked ”
“The venue manager must bank the gaming machine profits”
(3) Section 104 is amended by repealing subsection (3) and substituting the following subsection:
“(3) If a venue manager contravenes subsection (1) or (2), the holder of the class 4 operator’s licence—“(a) must advise the Secretary of the contravention as soon as possible after becoming aware of the contravention; and“(b) must immediately—“(i) take steps to disable all gaming machines at the class 4 venue and advise the Secretary of the disablement; or“(ii) request the Secretary to disable all gaming machines at the class 4 venue by means of the electronic monitoring system; and“(c) must not subsequently enable, or if paragraph (b)(ii) applies, request the Secretary to enable, the gaming machines at the class 4 venue until the gaming machine profits have been banked in accordance with subsection (1).”
“(3) If a venue manager contravenes subsection (1) or (2), the holder of the class 4 operator’s licence—
“(a) must advise the Secretary of the contravention as soon as possible after becoming aware of the contravention; and
“(b) must immediately—
“(i) take steps to disable all gaming machines at the class 4 venue and advise the Secretary of the disablement; or
“(ii) request the Secretary to disable all gaming machines at the class 4 venue by means of the electronic monitoring system; and
“(c) must not subsequently enable, or if paragraph (b)(ii) applies, request the Secretary to enable, the gaming machines at the class 4 venue until the gaming machine profits have been banked in accordance with subsection (1).”
(4) Section 104(4) is amended by omitting “subsection (1) or (3)” and substituting “this section”.
“subsection (1) or (3)”
“this section”
(5) Section 104 is amended by repealing subsection (5) and substituting the following subsection:
“(5) In this section and sections 105 and 105A, gaming machine profits means the turnover of class 4 gambling minus the total prizes paid.”