Totalisator Licensing and Regulation Act 2000

In this Part:

country race meet means a race meeting held at a place prescribed by regulation.

country race meet totalisator licence, means a licence issued under this Part to establish and use a totalisator at a country race meet.

dividend means the amount declared to be payable in respect of a horse race, including the unit of investment.

investment means the purchase of a ticket in respect of a horse race at a country race meet.

investor means the purchaser of a ticket.

race meeting, see section 4 of the Racing and

Wagering Act 2024.

ticket means the receipt issued from the win or place to an investor that identifies the horse race and horse on which an investment was made and the amount of the investment.