(1)  A totalizator operator must –

(a) declare the totalizator pool to be the amount available for the payment of dividends on that totalizator wagering contingency; and

(b) pay that amount out as dividends to the persons entitled to them.

(2)  The regulations may prescribe the following:

(a) the means for calculating the minimum amount payable by a totalizator operator as a dividend;

(b) the mechanism for the rounding of a dividend.

(3)  Any amount that would, but for subsection (2) , be required to be included in a totalizator wagering dividend may be retained by the totalizator operator.