A registered bookmaker or bookmaker's agent must not accept a bet on a horse race, greyhound race or approved sports event at a price determined, directly or indirectly, by the dividend paid for the race or event on any totalizator.

Penalty:  In the case of –

(a) a first offence, a fine not exceeding 20 penalty units; and

(b) a subsequent offence, a fine not exceeding 40 penalty units.