Terms used
3 Terms used
In these regulations —
betting exchange bet means a bet of the type referred to in paragraph (b) of the definition of racing bet;
greyhound race meeting has the meaning given in the Racing and Wagering Western Australia Act 2003 section 3(1);
harness race meeting has the meaning given in the Racing and Wagering Western Australia Act 2003 section 3(1);
non‑exchange fixed odds bet means a fixed odds wager, as defined in the Racing and Wagering Western Australia Act 2003 section 3(1), that is not a betting exchange bet;
pari‑mutuel bet means a bet in a betting system in which all bets are placed in a pool from which the betting operator’s commission is taken and the winning odds are calculated by dividing the amount remaining in the pool by the amount of the winning bets;
premium race meeting means a race meeting that includes at least one race in respect of which the total amount of the stakes paid (excluding trophies) is at least as follows —
in the case of a thoroughbred race meeting — $100 000;
in the case of a harness race meeting —
if the meeting occurs before 1 August 2018 — $50 000; or
if the meeting occurs on or after 1 August 2018 — $30 000;
in the case of a greyhound race meeting — $30 000;
premium thoroughbred racing season means the period beginning on 1 November in any year and ending on 1 January in the next year;
race meeting has the meaning given in the Betting Control Act 1954 section 4(1);
racing year means the 12 months beginning on 1 August in any year and ending on 31 July in the next year;
standard race meeting means a race meeting that is not a premium race meeting;
thoroughbred race meeting has the meaning given in the Racing and Wagering Western Australia Act 2003 section 3(1);
thoroughbred racing has the meaning given in the Racing and Wagering Western Australia Act 2003 section 3(1).
[Regulation 3 inserted: Gazette 15 Feb 2013 p. 957-8; amended: Gazette 9 Sep 2014 p. 3241; 6 Jul 2018 p. 2543.]
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