Racing and Gaming Amendment (Quadrella Betting) Regulations 1999
I, the Governor in and over the State of Tasmania and its Dependencies in the Commonwealth of Australia, acting with the advice of the Executive Council, make the following regulations under the Racing and Gaming Act 1952 .
23 August 1999G. S. M. GREEN
Governor
By His Excellency's Command,
DAVID CREAN
For and on behalf of the Minister for Racing and Gaming
These regulations may be cited as the Racing and Gaming Amendment (Quadrella Betting) Regulations 1999 .
These regulations take effect on 7 September 1999.
In these regulations, the Racing and Gaming Regulations 1976 are referred to as the Principal Regulations.
4. Regulations 114D and 114E inserted
After regulation 114C of the Principal Regulations, the following regulations are inserted:114D. Prescribed percentage for purposes of section 57M of Act (Quadrella)
For the purposes of section 57M(1A)(h) of the Act, the prescribed percentage is 20%.114E. Prescribed percentage for purposes of section 57Q of Act (Quadrella)
For the purposes of section 57Q(1)(h)(i) of the Act, the prescribed percentage is 12%.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 1 September 1999
These regulations are administered in the Department of Treasury and Finance by the Totalizator Agency Board.
EXPLANATORY NOTE
(This note is not part of the regulation)
These regulations amend the Racing and Gaming Regulations 1976 by –(a) increasing, in accordance with interstate business arrangements, the amount that the Totalizator Agency Board deducts as commission from its total receipts for quadrella totalizator betting; and(b) making a corresponding adjustment to the apportionment of that commission between the Board, Racing Tasmania and the Consolidated Fund.