Gaming Control Amendment Regulations 2009
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 Gaming Control Act 1993 .
26 June 2009PETER G. UNDERWOOD
Governor
By His Excellency's Command,
MICHAEL AIRD
Treasurer
These regulations may be cited as the Gaming Control Amendment Regulations 2009 .
These regulations take effect on the day on which the Gaming Control Amendment Act 2009 commences.
In these regulations, the Gaming Control Regulations 2004 are referred to as the Principal Regulations.
4. Regulation 5A substituted
Regulation 5A of the Principal Regulations is rescinded and the following regulation is substituted:5A. Betting exchange commission
For section 150AC(4A) of the Act, the calculation is, in respect of each code of racing in each Australian jurisdiction, to be in accordance with the following formula:where –BEC is the amount of betting exchange commission from brokered wagering on racing events (for the relevant code of racing and Australian jurisdiction);C is the amount of commission authorised under section 76ZDD of the Act from brokered wagering on racing events (for the relevant code of racing and Australian jurisdiction);P is the amount of race fields publishing fees payable by the betting exchange operator, or such other fees as are payable by the betting exchange operator for the use of racing product on racing events (in accordance with the relevant legislation applying to the relevant code of racing in the relevant Australian jurisdiction);L is the rate of relevant product levy under section 150AC(2) of the Act.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 1 July 2009
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 Gaming Control Regulations 2004 by prescribing how Australian betting exchange commission is to be calculated for section 150AC of the Act.