Northern Territory Consolidated Acts

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RACING AND BETTING ACT 1983 - SECT 114

Application of revenue from totalizators

    (1)     A club using a totalizator shall deduct the prescribed commission from the investment paid into the totalizator in respect of a race.

    (2)     After deducting the prescribed commission referred to in subsection (1), the club shall, subject to subsection (3), pay by way of dividends as prescribed, all moneys paid into the totalizator in respect of a race.

    (3)     A club shall not pay, under subsection (2), a fractional part of a dollar less than 5 cents, and shall pay such fractional parts of a dollar retained by it, and any dividend not paid within 28 days after the declaration of the dividend, into the Central Holding Authority.

    (4)     An amount payable under this section into the Central Holding Authority may be recovered from the club as a debt due and payable to the Commission.



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