Section 55 Liquor Act 2007 | Providing Information on Interested Persons

The Legislation

Section 55 of the Liquor Act 2007 (NSW) is concerned with Providing Information on Interested Persons and is set out below.

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55 Requirement to provide information in relation to persons interested in licensee’s business

(1) If a person (other than the licensee or a financial institution) becomes interested in the business, or the conduct of the business, carried out on licensed premises, it is a condition of the licence that the Authority is provided with the following information within 28 days after the other person becomes so interested:
(a) the name and date of birth of the person so interested and, in the case of a proprietary company, the names of the directors and shareholders,
(b) a statement, signed by the licensee, that the licensee has made all reasonable inquiries to ascertain the information referred to in paragraph (a).

(2) For the purposes of subsection (1), a person is interested in the business, or the conduct of the business, carried out on licensed premises if the person is entitled to receive:
(a) any income derived from the business, or any other financial benefit or financial advantage from the carrying on of the business (whether the entitlement arises at law or in equity or otherwise), or
(b) any rent, profit or other income in connection with the use or occupation of the premises on which the business is to be carried on.

(3) The information required to be provided to the Authority under this section may be provided by the interested person.

(4) This section does not apply in relation to limited licences.

(5) The regulations may create exceptions to this section.