10ZA
In forceAmount deducted as commission by wagering licensee
Part 1AWagering licences
Division 5Miscellaneous
10ZA Amount deducted as commission by wagering licensee
(1)
A wagering licensee may deduct from a bet received by the licensee an amount by way of commission.
(2)
In relation to a bet with a totalisator, the amount must be —
(a)
an amount not exceeding that prescribed for the bet; or
(b)
an amount determined under the rules or arrangements referred to in section 10S(2).
(3)
A wagering licensee must not deduct an amount from a bet other than in accordance with this section.
This Act’s bill:Explanatory memorandumSecond reading speech
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