Northern Territory Consolidated Acts

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Betting exchange operator to account for records

    (1)     A betting exchange operator or person who has ceased to be a betting exchange operator must, at the time and in the manner required by the Commission, give the Commission a true copy of each audit log kept by the operator or person.

    (2)     A betting exchange operator must, on the oral or written direction of the Commission, a betting inspector or a person authorised by the Commission (each an authorised entity ):

        (a)     produce for inspection all records and any item of recording equipment or any other equipment, device or thing as directed; and

        (b)     allow the records, recording equipment or other equipment, device or thing to be inspected or investigated by the authorised entity in the manner the entity thinks fit.

    (3)     A person 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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