You require a Franchise Agreement to operate as a Golden Casket lotteries outlet and to sell lottery products such as Instant Scratch-Its, Gold Lotto, Oz Lotto, Super 66, The Pools, Powerball and Set for Life.
Additional information is contained in Golden Casket's Disclosure Document and Franchise Information Kit.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
Definition of terms
- Eligible person
Section 5 of the Lotteries Regulation (1997) provides that a person is eligible to be a lottery agent if the person is the owner and controller of a small business that is a retail business, or is operated or intended to be operated from retail shopping premises.
The requirements of the franchise criteria are also required to be met.
a person or entity appointed by Golden Casket Lottery Corporation Limited, pursuant to a Franchise Agreement, to sell nominated lottery products at an outlet.
- Golden Casket
Golden Casket Lottery Corporation Limited.
- Prospective franchisee
a person or entity considering applying to become a Golden Casket franchisee either by purchasing an existing outlet or establishing a new outlet.
- Small business
as defined in s79 of the Lotteries Act 1997 (Qld) means a business undertaking
that is wholly owned and controlled by an individual or individuals in partnership or by a proprietary company within the meaning of Corporations Act; and
that is managed by the owner or directors; and
that is not a subsidiary of, or does not form part of, a larger business enterprise; and
no more than 50 persons are employed; or
If more than 50 persons are employed the total number of hours worked by the employees in a week is no more than 2,000.
To be appointed as a Golden Casket franchisee you must meet Golden Casket's franchise criteria (which are detailed in the Franchise Information Kit) and a number of legislative requirements.
Section 79 of the Lotteries Act prohibits Golden Casket from entering into a Franchise Agreement with an applicant unless:
- the agreement is entered into in relation to a small business owned and controlled by the applicant and
- the applicant is an eligible person to be a lottery franchisee.
You can transfer your Franchise Agreement subject to Golden Casket's approval.
The transferee must meet the pre-requisites that a normal applicant would be required to meet, as outlined above.
You should advise Golden Casket of your intention to transfer your Franchise Agreement at least 60 days before the transfer takes place.
The transferee must submit an application form to Golden Casket Lottery Corporation Limited.
The transferee must lodge the application at least 60 days prior to the transfer taking place so that Golden Casket has adequate time to assess their application.
The transferee must complete the same steps as a normal applicant as set out above.
All new Franchise Agreements are granted for a term of 5 years. However a franchisee may elect to terminate the agreement with 30 days notice. Golden Casket may only terminate the franchise agreement under certain circumstances set out in the franchise agreement.
New sites (incl $75.00 GST)
Change of ownership/transfer (incl $50.00 GST)
You can apply to become a Golden Casket Franchisee by completing an application form and submitting it to the Golden Casket with the application fee.
You can obtain copies of the Franchise Information kit, including the application form, from Golden Casket.
You must submit the completed application form together with any supporting documentation you consider relevant to the evaluation of your application.
The following is required after your conditional approval is granted but before the commencement of trade.
- 2 participants must successfully complete the two week training program:
- 5 days at Golden Casket's Brisbane office for an All Products outlet at a cost of $495 (GST included) per participant.
- a minimum of 40 hours at an Endorsed Training Outlet at a cost of $825 (GST included) per participant.
- Read Golden Casket's Disclosure Document and Franchising Code of Conduct and other supporting documents provided
- Seek independent legal, accounting and business advice about the franchise agreement or franchised business (if required)
- Sign the receipt and acknowledgement form (confirming that you have received the Franchising Code of Conduct Disclosure and Document that under law Golden Casket is required to give you at least 14 days prior to entering into an franchise agreement)
- Sign the Statement as to Advice of Franchisee (confirming that you have either sought independent legal, accounting and business advice about the franchise agreement or franchised business; or you have been told that such advice should be sought, but you have decided not to seek it)
- Sign the Golden Casket Franchise Agreement
- Install the current Retail Image prior to commencement.
Golden Casket Lottery Corporation Limited
Lotteries Act 1997 (Queensland)
Lotteries Regulation 2007 (Queensland)
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