Northern Territory Consolidated Acts

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RACING AND BETTING ACT 1983 - SECT 81

Licensed or registered bookmakers not to do certain things

A bookmaker who, except with the approval of the Commission:

        (a)     enters into a partnership in relation to the business of bookmaking carried on under his licence or permit with a person whose name is not endorsed on his licence or permit; or

        (b)     makes an arrangement or enters into an agreement with a person whereby that person becomes entitled to a share in the profits of that business; or

        (c)     borrows money, except from an approved financial institution, for use in that business; or

        (d)     lays off a bet with a person unless the person is licensed or registered in accordance with a law where the person conducts his business of bookmaking,

is guilty of an offence.

Maximum penalty:     40 penalty units.



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