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This is a Bill, not an Act. For current law, see the Acts databases.
TASMANIA
__________
RACING REGULATION AMENDMENT
(TOTE TASMANIA) BILL 2004
__________
CONTENTS
1. Short title
2. Commencement
3. Principal Act
4. Section 57FA inserted
57FA. International totalizator betting pools
5. Section 57G amended (Classes of totalizator)
6. Section 57M amended (Deduction of commission and
declared payment of dividends)
7. Section 57QA repealed
[Bill 40]-III
2
RACING REGULATION AMENDMENT
(TOTE TASMANIA) BILL 2004
(Brought in by the Minister for Finance, the Honourable
James Glennister Cox)
A BILL FOR
An Act to amend the Racing Regulation Act 1952
Be it enacted by His Excellency the Governor of Tasmania,
by and with the advice and consent of the Legislative
Council and House of Assembly, in Parliament assembled,
as follows:
Short title
1. This Act may be cited as the Racing Regulation
Amendment (TOTE Tasmania) Act 2004.
Commencement
2. (1) This Act, other than section 7, commences on the
day on which this Act receives the Royal Assent.
(2) Section 7 is taken to have commenced on
1 July 2003.
[Bill 40] 3
s. 3 No. Racing Regulation Amendment (TOTE 2004
Tasmania)
Principal Act
3. In this Act, the Racing Regulation Act 1952* is referred
to as the Principal Act.
Section 57FA inserted
4. After section 57F of the Principal Act, the following
section is inserted in Division II:
International totalizator betting pools
57FA. (1) TOTE Tasmania may, with the written
authority of the Minister and the Treasurer, enter
into an agreement in accordance with this section
with a person or body that is authorised under the
law of an overseas country (or group of countries) to
conduct totalizator betting in that overseas country
(or group of countries) or internationally.
(2) An agreement entered into under
subsection (1) may provide that
(a) the international business partner will
place bets transmitted to it by TOTE
Tasmania on a totalizator conducted by
the international business partner and
return to TOTE Tasmania such
dividends in respect of winning bets so
transmitted to it as are declared by the
totalizator on which the bets are placed;
and
(b) that the international business partner
will, out of the amount of the bets it
receives from TOTE Tasmania, return to
TOTE Tasmania such amount by way of
*No. 98 of 1952
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2004 Racing Regulation Amendment (TOTE No. s. 4
Tasmania)
commission as the international
business partner and TOTE Tasmania
agree; and
(c) TOTE Tasmania will accept bets
transmitted to it by the international
business partner on a totalizator
conducted by TOTE Tasmania (or by
another of TOTE Tasmania's business
partners) and return to the international
business partner the dividends payable
in respect of the winning bets so
transmitted to TOTE Tasmania; and
(d) TOTE Tasmania will, out of the amount
of the bets TOTE Tasmania receives
from the international business partner,
return to the international business
partner such amount by way of
commission as TOTE Tasmania and the
international business partner agree;
and
(e) such other terms and conditions, as are
not repugnant to any relevant Act, as
TOTE Tasmania and the international
business partner agree.
(3) TOTE Tasmania may, from its total
receipts for any class of totalizator betting, deduct
such amount by way of commission as the Minister
responsible for administering the Gaming Control
Act 1993 and the Treasurer from time to time
authorise.
(4) Notwithstanding subsection (3), the
maximum rate of commission that TOTE Tasmania
may be authorised to deduct from its total receipts
for any class of totalizator betting pursuant to that
5
s. 5 No. Racing Regulation Amendment (TOTE 2004
Tasmania)
subsection is 25% of those receipts or, if another
percentage is prescribed, the prescribed percentage.
(5) In this section
"business partner" means
(a) a body that TOTE Tasmania has
an agreement with under
section 57F; or
(b) an international business partner;
"international business partner" means a
person or body that TOTE Tasmania has
an agreement with under subsection (1);
"receipts" means receipts under an
agreement entered into pursuant to
subsection (1);
"relevant Act" means
(a) this Act; or
(b) the TOTE Tasmania Act 2000; or
(c) a prescribed Act.
Section 57G amended (Classes of totalizator)
5. Section 57G(1) of the Principal Act is amended as
follows:
(a) by omitting from paragraph (b)
"Commonwealth." and substituting
"Commonwealth; and";
(b) by inserting the following paragraph after
paragraph (b):
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2004 Racing Regulation Amendment (TOTE No. s. 6
Tasmania)
(c) in pursuance of an agreement
entered into as provided by
section 57FA in relation to a
totalizator conducted in an
overseas country (or group of
countries) or internationally.
Section 57M amended (Deduction of commission
and declared payment of dividends)
6. Section 57M(1A) of the Principal Act is amended by
inserting "(other than pursuant to an agreement under
section 57FA)" after "betting".
Section 57QA repealed
7. Section 57QA of the Principal Act is repealed.
Government Printer, Tasmania 7