reg 48
In forceApportionment of profit or loss
48 Apportionment of profit or loss
Where a racing club transmits wagers to a totalisator pool conducted by RWWA, the profit, or loss, from the operation of that totalisator pool is to be apportioned by RWWA and paid, credited or debited to that racing club in proportion to the contribution of that racing club to the total investments in that totalisator pool.
[Regulation 48 inserted: Gazette 30 Jan 2004 p. 376.]
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