Compensation for loss of entitlement to revenue
117C Compensation for loss of entitlement to revenue
If, as a consequence of any agreements or arrangements entered into relating to the conduct of an approved betting activity or the distribution of revenue derived from that activity, the Provincial Association of New South Wales or Racing NSW Country Limited lose an entitlement to revenue derived from that activity, Racing NSW is to compensate the body or bodies concerned for that loss of revenue.
In this section—
approved betting activity means a betting activity conducted by a licensee on computer simulated horse racing, harness racing or greyhound racing events in accordance with an approval under section 13.
This Act’s bill:Explanatory memorandumSecond reading speech
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