New South Wales Consolidated Acts

RACING ADMINISTRATION ACT 1998 - SECT 20

20 Conditions of authorisation

(1) A sports betting authority is subject to:

(a) such conditions as may be prescribed by the regulations, and

(b) such conditions as the Minister may impose generally, by order published in the Gazette, in relation to taking of bets on sports betting events, and

(c) such other conditions as the Minister may, from time to time, impose by notice in writing given to the authorised sports betting bookmaker concerned.

(2) Without limiting conditions that may be prescribed or imposed by the Minister, conditions may relate to any of the following:

(a) different requirements for different sports betting events,

(b) minimum bets,

(c) methods of betting, including arrangements for the use of telecommunications equipment,

(d) requirements for the giving of security by bankers for long-term bets,

(e) requirements for record keeping by authorised sports betting bookmakers,

(f) audit requirements for authorised sports betting bookmakers.