Racing and Gaming Amendment (Place Betting) Regulations 2001
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 .
2 February 2001G. S. M. GREEN
Governor
By His Excellency's Command,
P. A. LENNON
Minister for Racing and Gaming
These regulations may be cited as the Racing and Gaming Amendment (Place Betting) Regulations 2001 .
These regulations take effect on 5 February 2001.
In these regulations, the Racing and Gaming Regulations 1976 are referred to as the Principal Regulations.
4. Regulation 114B amended (Prescribed percentage for purposes of section 57M of Act)
Regulation 114B of the Principal Regulations is amended as follows:(a) by inserting (1) before "For the purposes";(b) by inserting the following subregulation:(2) For the purposes of section 57M(1A)(b) of the Act, the prescribed percentage is 13.75%.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 5 February 2001
These regulations are administered in the Department of Treasury and Finance.
EXPLANATORY NOTE
(This note is not part of the regulation)
These regulations amend the Racing and Gaming Regulations 1976 by decreasing, in accordance with interstate business arrangements, the amount that the Totalizator Agency Board deducts as commission from its total receipts for place totalizator betting.