Victorian Numbered Acts

GAMBLING AND LIQUOR LEGISLATION FURTHER AMENDMENT ACT 2014 (NO. 64 OF 2014) - SECT 13

    (1)     For section 4.2.5(2B) of the Gambling Regulation Act 2003 substitute —

    "(2B)     The maximum amount of commission specified in accordance with subsection (2A) cannot exceed—

        (a)     in the case of a commission to be deducted out of an amount invested in an internationally pooled totalisator—40% of the total amount invested in the totalisator; or

        (b)     in the case of a commission to be deducted out of an amount invested in any other totalisator—25% of the total amount invested in the totalisator.".

    (2)     After section 4.2.5(2B) of the Gambling Regulation Act 2003 insert —

    "(2BA)     For the purposes of subsection (2B), a totalisator is an internationally pooled totalisator if it is conducted—

        (a)     in Australia in respect of a wagering event occurring outside Australia; and

        (b)     in conjunction with a totalisator that is conducted outside Australia in respect of that event.".