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BETTING AND RACING ACT 1998 - SECT 14
Punters' clubs
14 Punters' clubs
(1) A person must not organise or conduct a punters' club at a race meeting
without-- (a) the consent of the racing club conducting the race meeting, and
(b) the written approval of the racing controlling body responsible for that
racing club.
: Maximum penalty--20 penalty units.
(2) In this section--
"punters' club" means a syndicate that involves a group of persons
contributing money into a fund for the purposes of betting that money-- (a)
with a totalizator conducted at a race meeting, or
(b) with a
licensed bookmaker who is carrying on bookmaking at a race meeting,
but does
not include a betting syndicate formed on a social basis only.
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