69
In forceCommission on totalizator betting
Part 6Financial provisions
69 Commission on totalizator betting
(1)
A licensee may deduct, or cause to be deducted, as commission out of the total amount invested in each totalizator conducted by the licensee on one or more events or contingencies, an amount not exceeding the amount prescribed by the rules in respect of a totalizator of that class or description.
(2)
An amount prescribed by the rules for the purposes of subsection (1) must be expressed as a percentage of the total amount invested in the class or description of totalizator concerned, and must not exceed 25% of the total amount invested.
This Act’s bill:Explanatory memorandumSecond reading speech
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