Northern Territory Consolidated Acts

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RACING AND BETTING ACT 1983 - SECT 109R

Audit log of bets

    (1)     A betting exchange operator must keep an approved audit log and record in the audit log the prescribed particulars of each bet made or received through the operator.

    (2)     A record of a bet required to be made under subsection (1) must be made immediately after the bet is made or received through the betting exchange operator and before any other record or note of the bet is made.

    (3)     In addition, a betting exchange operator must comply with any requirements prescribed by regulation for the recording of bets made or received through the operator.

    (4)     A betting exchange operator must retain all records made under subsection (1) or (3) for a period of not less than 3 years from the date on which they were made or any longer period prescribed by regulation.

    (5)     A betting exchange operator must not contravene this section.

Maximum penalty:     For a first offence – 40 penalty units.

    For a second offence – 85 penalty units.

    For a third or subsequent offence – 125 penalty units.



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