Race and Sports Bookmaking Act 2001

The commission may, in writing, determine the minimum amount of security guarantees for race bookmaking licences, sports bookmaking licences, or approvals under section 49 (Issue or refusal of approval for sports bookmaking venue) in relation to designated sports bookmaking venues.

Note A security guarantee may be required for:

 a race bookmaking licence (see s 7 (2) (a) (v) and s 10B (3) (a) (v));

 a sports bookmaking licence (see s 92 (1) (h) and (i));

 an approval to engage in race bookmaking at a designated sports bookmaking venue (see s 48 (2)).

A determination under this section is a disallowable instrument.