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Explanatory note
This explanatory note relates to this Bill as introduced into Parliament.
Overview
Bill I
The objects of this Bill are:
(a)
to enable the TAB and TAB agents to offer ancillary customer services
on a commercial basis at their premises (for example,
vending machines, pay telephones and the sale of race books or other
products associated with racing), and
(b) to allow investors to use the credit balance of their
or other
credit betting accounts for the purpose of paying for bets made in
person at TAB branches and agencies, and
(c)
to authorise the Minister to increase the minimum bet, and
multiple for bets, for totalizator betting on sports events
other than racing (at present $1), and
(d) to make it clear that the TAB may operate "punters' clubs" (being
arrangements under which participants invest in a pool held by the
TAB, the money in the pool is invested on bets chosen by a racing
expert or other designated person and any winnings are divided among
the participants according to the amount each participant has invested
in the pool).
Clause 2 provides for the commencement of the proposed Act on a day or
days to be appointed by proclamation.
Clause 3 is a formal provision giving effect to the amendments to the
Totalizator (Off-course Betting) Act 1964 set out in Schedule 1.
Schedule 1
Amendments
Schedule 1 [l] and [2] give effect to object (a) above.
Schedule 1 [3] and [6] give effect to object (b) above.
Schedule [4] gives effect to object (c) above.
Schedule 1 [5] gives effect to object (d) above.
Explanatory note page 2