Section 13

Where a licensee is a company, no person shall become a substantial shareholder of the licensee unless he has obtained the approval of the Authority.

Without prejudice to any other matter that the Authority may consider relevant, the Authority may, in determining whether to grant its approval under subsection (1), have regard to such criteria as may be prescribed or specified in written directions.

Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000. [9B