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PART 5
National Lottery Operator
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The operator
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29. (1) The licence holder shall—
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(a) be formed as a company, or
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(b) if the holder is (at the time of the application for the licence) a company or a company formed in another jurisdiction, form a company,
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for the sole purpose of operating the National Lottery in accordance with the terms and conditions of the licence and is referred to in this Act as the “operator”.
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(2) The sole object of the operator shall be the holding of the National Lottery under the licence, and the doing of all such other things as are incidental or conducive to the attainment of that object.
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(3) Notwithstanding subsection (2) lottery infrastructure may be availed of in circumstances where it is of benefit to the community or is in the public interest but this may only be done by agreement between the Regulator and operator following a proposal by the Minister.
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(4) On or in contemplation of the expiry or revocation of the licence held by the licence holder, the Regulator may issue a direction in writing to the licence holder that with effect from such expiry or revocation, or such later date as the Regulator may specify, the company formed by the licence holder under this section to hold the National Lottery be wound up.
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(5) A licence shall provide for arrangements in respect of shareholders of the operator and other connected parties connected with the licence.
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