Australian Capital Territory Numbered Acts

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GAMING AND RACING (RED TAPE REDUCTION) LEGISLATION AMENDMENT ACT 2016 (NO. 45 OF 2016) - SECT 36

New section 4B

in division 2.1, insert

4B     Meaning of security guarantee for a race bookmaking licence

In this Act:

"security guarantee", for a person who applies for, or holds, a race bookmaking licence, means 1 or more documents that satisfy the commission about the person's ability to cover the person's race bookmaking losses to the amount applying to the person under a determination under section 90 (Security guarantee—determination of minimum amount).



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