Northern Territory Consolidated Acts

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RACING AND BETTING ACT - SECT 81

Licensed or registered bookmakers not to do certain things

81. Licensed or registered bookmakers not to do certain things

A bookmaker who, except with the approval of the Commission -

(a) enters into a partnership in relation to the business of bookmaking carried on under his licence or permit with a person whose name is not endorsed on his licence or permit;

(b) makes an arrangement or enters into an agreement with a person whereby that person becomes entitled to a share in the profits of that business;

(c) borrows money, except from an approved financial institution, for use in that business; or

(d) lays off a bet with a person unless the person is licensed or registered in accordance with a law where the person conducts his business of bookmaking,

is guilty of an offence.

Penalty: $5,000.



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