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๐Ÿ“œ Casino (Burswood Island) Agreement Amendment Bill 2003

Assented toLABill 21525 June 2003

The Casino (Burswood Island) Agreement Amendment Bill 2003 amends the 1985 Act to ratify amendments to the Eighth Supplementary Agreement. These amendments introduce a three-tier casino tax system, allow individuals to hold more than 10% of Burswood Limited's voting shares with probity approval, and require shareholders to obtain probity approval notices.

Impact

Burswood Limited, its shareholders, the Gaming Commission of Western Australia, and the State's revenue are affected. It matters because it changes the financial and ownership structure of the casino.

Key Changes

["Introduces a three-tier casino tax system.", "Allows individuals to hold more than 10% of Burswood Limited's voting shares with probity approval.", "Requires shareholders holding more than 10% of voting shares to obtain a probity approval notice from the Gaming Commission."]

Parliamentary Progress

  1. LA IntroducedLA25 June 2003
  2. LA Second Reading MovedLA25 June 2003
  3. LA Second Reading AgreedLA13 Aug 2003
  4. LA Consideration in DetailLA13 Aug 2003
  5. LA Third ReadingLA14 Aug 2003
  6. LC Second Reading MovedLC14 Aug 2003
  7. LC Third ReadingLC22 Aug 2003
  8. LC Second Reading AgreedLC22 Aug 2003
Affected Sectors
financepublic_sectorother

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