Interests in Gaming Machines and the Personal Property Securities Act

 Introduction Club managers would be aware that section 74(1) of the New South WalesGaming Machines Act (2001) prohibits clubs from granting a specific interest in their gaming machines to anyone else. The reference to an “interest” effectively means a security interest like a fixed charge. Section 74(2) relaxes this rule by allowing clubs to grant … Continue reading Interests in Gaming Machines and the Personal Property Securities Act