Gaming Control Amendment Regulations 2020
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 .
25 February 2020C. WARNER
Governor
By Her Excellency's Command,
MICHAEL DARREL JOSEPH FERGUSON
Minister for Finance
These regulations may be cited as the Gaming Control Amendment Regulations 2020 .
These regulations take effect on the day on which their making is notified in the Gazette.
In these regulations, the Gaming Control Regulations 2014 are referred to as the Principal Regulations.
4. Regulation 5B inserted
After regulation 5A of the Principal Regulations , the following regulation is inserted:5B. Calculation of totalizator wagering dividends
(1) In this regulation –totalizator rules means the rules that a totalizator operator has in place in respect of a totalizator as required under section 76XA of the Act.(2) A totalizator operator in calculating the amount payable as a totalizator wagering dividend is to –except where the relevant totalizator rules provide otherwise.(a) disregard a fraction of 10 cents that is less than 5 cents; and(b) take a fraction of 10 cents that is equal to or greater than 5 cents to be exactly 5 cents –
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 4 March 2020
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 2014 by prescribing the mechanism for the rounding of a totalizator wagering dividend.