Saving of existing agreements with interstate authorities
5 Saving of existing agreements with interstate authorities
An arrangement or agreement in force under a provision of a repealed Act immediately before the repeal of the provision with any State, Territory or country in respect of the investment of funds on a totalizator within New South Wales on behalf of that State, Territory or country is taken, for the balance of the term of the arrangement or agreement, to be an arrangement or agreement made for the purposes of this Act.
Despite the repeal of section 12 of the Totalizator (Off-course Betting) Act, an arrangement or agreement in force under that section immediately before its repeal remains subject to the provisions of subsections (6)–(8) of that section and TAB remains subject to those provisions in respect of the arrangement or agreement.
This Act’s bill:Explanatory memorandumSecond reading speech
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