Queensland Numbered Acts

RACING INTEGRITY ACT 2016 - SECT 136

136 Racing bookmakers to maintain insurance policy or bond to indemnify bettors against default

(1) For each code of racing for which a racing bookmaker is licensed, the racing bookmaker must have an insurance policy or bond, acceptable to the commission.

(2) Without limiting subsection (1), an insurance policy or bond must—

(a) indemnify persons who bet with the racing bookmaker for amounts payable to the persons by the racing bookmaker; and

(b) include conditions required by the commission.

(3) An insurance policy or bond acceptable to the commission under this section is an
"accepted insurance policy or bond" .