Meaning of “totalizator”
6 Meaning of “totalizator”
For the purposes of this Act, totalizator means—
a system used to enable persons to invest money on events or contingencies with a view to successfully predicting specified outcomes of those events or contingencies and to enable the money left after the deduction of commission to be divided and distributed among those persons who successfully predict those outcomes, and
any instrument, machine or device through or by which the system is operated.
Note.
Under this Act money can be invested on a totalizator for horse and greyhound races, and on other events approved by the Minister. References in this Act to a totalizator can include a reference to an approved betting activity under section 13. See that section.
This Act’s bill:Explanatory memorandumSecond reading speech
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