Northern Territory Consolidated Acts

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RACING AND BETTING ACT 1983 - SECT 109A

Definitions

In this Part:

"audit log" means an approved audit log required to be kept by a betting exchange operator under section 109R.

"betting exchange" means a facility, electronic or otherwise, that enables a person to:

        (a)     make or receive, through a betting exchange operator, a bet or wager with other persons; or

        (b)     make, through a betting exchange operator, a bet or wager that may be:

            (i)     matched with one or more opposing bets or wagers that have been made through the operator; or

            (ii)     transmitted by the operator to another person for matching with one or more opposing bets or wagers.

"betting exchange agent" means a person permitted under section 109L(2) to act for a betting exchange operator.

"betting exchange business" means the business of operating a betting exchange.

"betting exchange licence" means a licence to conduct a betting exchange business in specified premises granted under section 109C, or a renewal of the licence granted under section 109G.

"betting exchange operator" means:

        (a)     a person who holds a betting exchange licence; and

        (b)     if the person is a body corporate – the nominee endorsed on the licence document in accordance with section 109F(1).

"betting receipt", see section 109Q(1).

"executive officer", of a body corporate, means a director or other person who is concerned with, or takes part in, the management of the body corporate.

"key employee licence "means a licence granted under section 109J(3) permitting a person to be employed or engaged by a betting exchange operator in a key position at licensed premises.

"key position "means:

        (a)     a position in a betting exchange business that is designated a key position, or involves the performance of a function that is designated a key function, under section 109J(1); or

        (b)     any other position in a betting exchange business if the holder of the position controls, or exercises significant influence over, the business.



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