Northern Territory Numbered Acts

RACING AND BETTING LEGISLATION AMENDMENT ACT 2016 (NO 20 OF 2016) - SECT 7

(1)     Section 24(1) and (2)

omit

or 102

insert

, 102 or 109C

(2)     Section 24(4)

omit

licence or

insert

licence, other than a betting exchange licence, or a

(3)     After section 24(5)

insert

    (5A)     A betting exchange operator must pay to the Commission an annual licence fee of 200 000 revenue units:

    (a)     within 14 days after the grant or renewal of the operator's betting exchange licence; and

    (b)     while the licence remains in force – on or before each anniversary of the date on which the licence was granted or renewed.