Totalizator Act 1997

The Minister may, by direction in writing, grant an exemption under this clause for any instrument that the Minister is satisfied has been executed only for the purpose of or in the course of giving effect to arrangements referred to in clause 14 for facilitating the restructuring and reorganisation of the racing industry consequent on the enactment of this Act and the Totalizator Agency Board Privatisation Act 1997.

This clause applies to an arrangement under section 43A, and to any new arrangement under section 43(2) as referred to in section 43A(2), as if the arrangement were an arrangement referred to in clause 14.

An exemption under this clause has the effect that the instrument for which it is granted is not chargeable with stamp duty and is exempt from payment of any fee or charge that would otherwise be payable under any other Act in respect of the registration of the instrument.

An exemption is not to be granted under this clause except with the approval of the Treasurer.