Racing and Gaming Amendment (Fixed Odds Sports Betting) Regulations 1999

Racing and Gaming Amendment (Fixed Odds Sports 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 .

6 September 1999

G. S. M. GREEN

Governor

By His Excellency's Command,

P. A. LENNON

Minister for Racing and Gaming

1.   Short title

These regulations may be cited as the Racing and Gaming Amendment (Fixed Odds Sports Betting) Regulations 1999 .

2.   Commencement

These regulations take effect on the day on which their making is notified in the Gazette.

3.   Principal Regulations

In these regulations, the Racing and Gaming Regulations 1976 are referred to as the Principal Regulations.

4.   Part IVA inserted

After regulation 122Q of the Principal Regulations, the following Part is inserted:

PART IVA - Section 57EA agreements and arrangements

122R.   Fixed odds sports betting business agreements

(1)  In this regulation  –

business agreement means an agreement made pursuant to section 57EA of the Act between the Board and an interstate betting authority and under which the Board, in exchange for an agreed commission, accepts fixed odds bets on sporting contingencies on behalf of that authority;

interstate betting authority means a body in another State, or in a Territory, that is authorised by a law of that State or Territory to conduct fixed odds betting on sporting contingencies;

rules includes conditions.

(2)  Where, pursuant to a business agreement, the Board accepts a fixed odds bet on a sporting contingency on behalf of an interstate betting authority, the rules that apply to that bet are the rules that would apply to that bet had it been made directly with that authority in its own State or, if applicable, its own Territory, whether those rules are contained in an enactment or in an instrument made by any person or body under, directly or indirectly, the authority of an enactment.

(3)  For the purposes of accepting fixed odds bets in this State pursuant to a business agreement, the Board must  –

(a) ensure that a copy of the rules as in force from time to time is available for inspection by any person without charge at each place where it accepts such bets; and

(b) if practicable, cause a copy of the rules to be displayed in a conspicuous position at each of those places; and

(c) on request, provide the Minister with a copy of those rules and any information the Minister may require concerning those rules.

(4)  The Board must pay the Treasurer a commission on each fixed odds bet that it accepts under a business agreement unless the amount wagered is for any reason refunded.

(5)  The amount of the commission is –

(a) 0.5% of the amount wagered if the bet is accepted from a person betting from within Australia or New Zealand; and

(b) 0.25% of the amount wagered if the bet is accepted from a person betting from elsewhere.

Displayed and numbered in accordance with the Rules Publication Act 1953.

Notified in the Gazette on 13 September 1999

These regulations are administered in the Department of Treasury and Finance.

EXPLANATORY NOTE

(This note is not part of the regulation)

These regulations make provision for fixed odds sports betting by the Totalizator Agency Board in the event that it conducts such betting pursuant to a business agreement entered into under section 57EA of the Racing and Gaming Act 1952.