Racing Regulation 2010

The following conditions are prescribed:

the licensed wagering operator must give the relevant controlling body access to all the operator’s betting information and analyses in relation to the race field information covered by the approval;

the licensed wagering operator must, if reasonably required by the relevant controlling body, allow the body to monitor wagering activity, including activity relating to—

bets held on races conducted in the ACT; and

bets paid; and

bet backs; and

any betting account that is used for betting on an authorised race meeting in the ACT;

the licensed wagering operator must use an operating and recording system, whether computerised or not, that—

includes measures to prevent unauthorised access and unauthorised changes to data; and

provides an audit trail for all wagering activity that relates to authorised race meetings in the ACT;

the licensed wagering operator must not open an account for betting for a person unless the person has properly established their identity;

Example—properly establishing identity

providing 100 points of identification as commonly required by authorised deposit-taking institutions

the licensed wagering operator must not open or maintain an account for betting if the operator knows the account is for a person who—

is disqualified or suspended from participation in racing under racing, gaming or wagering legislation, a rule of racing or betting (in the ACT or elsewhere) or external greyhound racing legislation or rules; or

is subject to a warning-off notice issued by a defined entity;

the licensed wagering operator must, within a reasonable time stated by the relevant controlling body—

give information to an inquiry or investigation; and

cooperate with an inquiry or investigation;

if any part of a licensed wagering operator’s business involves online wagering—the operator must participate in an online wagering monitoring system if reasonably required to do so by the relevant controlling body;

the licensed wagering operator must notify the relevant controlling body of any of the following happening, within 14 days after the day it happens:

an entity stops having a controlling interest in the operator’s business;

an entity starts having a controlling interest in the operator’s business;

a prosecution or disciplinary action is started under racing, gaming or wagering legislation, a rule of racing or betting (in the ACT or elsewhere) or external greyhound racing legislation or rules against—

the operator; or

an entity with a controlling interest in the operator; or

an employee of the operator;

a significant change in the financial circumstances of the operator.

Example—significant change in financial circumstances

1 insolvency