Northern Territory Numbered Acts Northern Territory Numbered Acts(1) A levy to provide funding for the Racing and Wagering Fund is established.
(2) The following licensees must pay the levy to the Racing and Wagering Fund on or before the 14th day of each month:
(a) a betting exchange licensee;
(b) a sports bookmaker licensee.
(3) A levy paid by a licensee under this Division is not refundable.
(4) Payment of the levy by electronic means takes effect when the amount is credited to the Territory.
(5) Payment of the levy by cheque takes effect when the cheque is cleared on first presentation.