(1)  A registered bookmaker's telephone betting endorsement comes into force as soon as the endorsement is made under section 73(5)(b) and expires when the bookmaker's certificate of registration expires or is cancelled or surrendered, whichever first occurs.

(2)  A registered bookmaker's telephone betting endorsement does not authorise the bookmaker to engage in telephone betting during any period when his or her registration is suspended.

(3)  A telephone betting endorsement is not transferable.

(4)  A bookmaker whose certificate of registration has a telephone betting endorsement may surrender the endorsement at any time by requesting the Director to cancel the endorsement but it has no surrender value.

Subdivision 3 - Betting tickets and records