Section 41 Liquor Act 2007 | Statements as to Interested Parties


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The Legislation

Section 41 of the Liquor Act 2007 (NSW) is concerned with Statements as to Interested Parties and is set out below.

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41 Statement as to interested parties

(1) An application for a licence must be accompanied by a written statement, made by a person having knowledge of the facts, specifying:
(a) that the person has made all reasonable inquiries to ascertain the information required to complete the statement, and
(b) whether there are any persons (other than financial institutions) who will be interested in the business, or the profits of the business, carried on under the licence, and
(c) if there are any such persons, their names and dates of birth and, in the case of a proprietary company, the names of the directors and shareholders.

(2) For the purposes of subsection (1), a person is interested in the business, or the profits of the business, carried on under the licence 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 premises on which the business is to be carried on.

(3) The regulations may provide exceptions to this section.