TOTALISATOR AGENCY BOARD (BETTING) REGULATIONS 1988 - REG 20

This legislation has been repealed.

TOTALISATOR AGENCY BOARD (BETTING) REGULATIONS 1988 - REG 20

20 .         Procedure for establishing a deposit account

        (1)         An application to establish a deposit account for the purpose of betting with or through the TAB shall be made in writing in a form acceptable to the TAB.

        (2)         A deposit to the account of an amount of not less than $5 may be lodged with the TAB at the time of making the application and if the application is refused wholly or in part the TAB shall refund the deposit, wholly or in part, except in so far as it may relate to an account which is established.

        (3)         The TAB or, with the approval of the TAB, the person in charge of a totalisator agency may refuse to accept an application to establish a deposit account, or having accepted a deposit may refund it or any part of it, without giving any reason for doing so.

        (4)         The TAB may require any depositor to submit a new application in writing amending any or all of the particulars given or required to be given when originally establishing the deposit account.

        (5)         A depositor may cancel his original application, and substitute a new application, on satisfying the TAB that for his own protection there is reasonable need to do so.

        (6)         In either of the cases referred to in subregulation (4) or (5) any amounts standing to the credit of the depositor in the original deposit account shall be transferred to his credit in the new deposit account.

        [Regulation 20 amended in Gazette 31 Jul 1992 p. 3796.]