20
CurrentRemoval of 16 per cent cap on commission
Schedule 2Savings, transitional and other provisions
Part 5Provision consequent on enactment of Totalizator Amendment Act 2008
20 Removal of 16 per cent cap on commission
To the extent that the amendment made by Schedule 1[4] to the Totalizator Amendment Act 2008 removes the 16 per cent cap on commission that a licensee may deduct each financial year from the total amount invested in totalizators conducted by the licensee in that year, the amendment is taken to have commenced on 1 July 2007.
This Act’s bill:Explanatory memorandumSecond reading speech
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