After regulation 122Q of the Principal Regulations, the following Division is inserted in Part IV:

Division XIII - SportsBet 21 competitions

122QA.     Interpretation

(1)  In this Division –

bet means a bet made, with the betting operator, by an investor in a SportsBet 21 competition;

betting operator means TOTE Tasmania;

business outlet means a place where investors may make bets;

investor means a person who makes a bet;

Point-of-Play Station means an individual electronic play station, provided by the betting operator at a business outlet, that enables –

(a) an investor to make a bet; and

(b) the betting operator and the investor to communicate about the matters provided for or required under these regulations;

relevant secondary contingency , in relation to a SportsBet 21 competition, means the secondary contingency that is the subject of the competition;

relevant sporting competition , in relation to a SportsBet 21 competition, means the sporting competition in which the relevant secondary contingency occurs;

result means the score on which the betting operator chooses to accept bets in a SportsBet 21 competition and for which it sets odds;

secondary contingency means –

(a) the number of runs that will be scored in the next over of a cricket match in which an Australian team, selected by the Australian Cricket Board, is playing; or

(b) the number of goals that a team will score in the next quarter or half of an Australian Football League game;

SportsBet 21 competition means a betting competition in which investors may make fixed odds bets with the betting operator on a secondary contingency.

(2)  For the purposes of SportsBet 21 competitions conducted in respect of games of cricket, a reference in this Division to –

score is a reference to the total number of runs scored by the batting team in an over, whether from hitting the ball, from byes or leg byes, or from wide balls or no balls or another bowling penalty; and

over is a reference to –

(a) the number of balls bowled (usually 6 legal deliveries) that, under the rules set by the game's controlling authority, are determined by the (bowling end) umpire to constitute an over; or

(b) such lesser number of balls as may be bowled in any over that remains unfinished because a team's innings has ended.

122QB.     SportsBet 21 is a prescribed betting competition

(1)  Pursuant to section 57E(3) of the Act, a SportsBet 21 competition is prescribed as a betting competition that may be conducted by TOTE Tasmania.

(2)  The conditions set out in this Division are prescribed as the conditions on which a SportsBet 21 betting competition is to be conducted.

(3)  SportsBet 21 competitions may be conducted only in respect of prospective secondary contingencies, not in respect of secondary contingencies that have already occurred.

(4)  SportsBet 21 competitions may be conducted under different names determined or approved by the betting operator.

122QC.     Determination and display of odds

(1)  In this regulation,

odds means the multiple or factor, including fractions, applied at the time a bet is made in order to predetermine the amount to be paid to the investor if it is a winning bet.

(2)  The odds in a SportsBet 21 competition are to be determined by the betting operator and the betting operator is not, at a particular time in the competition, required to set odds that bear any relation to the amount of money previously bet in the competition.

(3)  The betting operator must cause the odds in a SportsBet 21 competition to be electronically displayed, before the relevant secondary contingency commences, at each business outlet.

122QD.     Placement of bets

(1)  A person may, at the odds displayed, make a bet in a SportsBet 21 competition in accordance with and subject to these regulations at any time before the relevant secondary contingency commences.

(2)  The bet is to be made by electronic means at a Point-of-Play Station.

(3)  The betting operator may, in accordance with these regulations, accept the bet.

(4)  The bet is to be accepted and recorded by electronic means.

(5)  The bet is to be made in person and the betting operator must not accept a bet from a person if the betting operator is not satisfied that the person is physically present at a business outlet at which the relevant secondary contingency will be electronically displayed.

(6)  To make a bet, an investor must have a betting account with the betting operator for the purposes of these regulations.

(7)  The betting operator may open and maintain betting accounts for investors for the purposes of enabling them to make bets and such accounts may be referred to as SportsBet 21 accounts.

(8)  The provisions of section 57L of the Act apply to SportsBet 21 accounts in the same manner as those provisions apply to the deposit accounts referred to in that section.

(9)  An investor may use the money standing to his or her credit in his or her SportsBet 21 account to make bets and the amount of any such bet, once accepted, is to be deducted immediately from his or her account.

(10)  The betting operator must not accept a bet from an investor if the amount of the bet exceeds the amount standing to the credit of the investor's SportsBet 21 account.

(11)  An investor must, through the Point-of-Play Station, provide the betting operator with such information as it requires in order to identify the investor's bet and the relevant secondary contingency.

122QE.     Conduct of betting

(1)  The minimum bet that may be made is $1.00.

(2)  All bets are to be in multiples of $1.00.

(3)  All bets are to be on an "All-In" basis but if the betting operator is satisfied on reasonable grounds that the relevant sporting competition has been cancelled or indefinitely postponed by its controlling authority before the completion of a relevant secondary contingency it must declare the competition to be cancelled in respect of that contingency.

(4)  If subregulation (3) applies, the betting operator must refund all bets it accepted in respect of the relevant secondary contingency so affected as soon as practicable after the declaration.

(5)  An investor is not entitled to alter or cancel a bet after betting on the relevant secondary contingency has been closed by the betting operator.

(6)  The betting operator may close the betting on the relevant secondary contingency at any time before the controlling authority starts that contingency.

(7)  A bet made after the start of the relevant secondary contingency is void.

(8)  If subregulation (7) applies, the betting operator must refund the amount of the bet as soon as practicable after becoming aware that the bet is void.

(9)  The betting operator, for any reason it considers sufficient, may decline to accept all or part of a bet.

(10)  The betting operator is not required to give a reason if it declines to accept a bet.

122QF.     Cancellation of competitions

(1)  The betting operator may cancel a SportsBet 21 competition at any time for any reason it considers sufficient.

(2)  If subregulation (1) applies, the betting operator must, as soon as practicable after the cancellation, refund each bet it accepted on the competition and for which a result had not been declared by that time.

122QG.     Confirmation and statements of bets

(1)  The betting operator must provide an investor in a SportsBet 21 competition with an acknowledgment of each bet made by the investor in that competition.

(2)  The acknowledgment is to be made through, and displayed at, the Point-of-Play Station at which the investor is betting.

(3)  The investor is responsible for ensuring that the details so displayed accurately record the investor's bet.

(4)  The betting operator –

(a) may cause a statement of an investor's betting activity during any session of a SportsBet 21 competition to be displayed electronically for the investor at the Point-of-Play Station; and

(b) must, at the request of the investor, provide the investor with a printed copy of that statement as soon as practicable after the investor ceases betting in respect of that session.

122QH.     Records of bets

(1)  The betting operator must record particulars of all bets accepted by it in a SportsBet 21 competition, including particulars of the odds offered on those bets.

(2)  The particulars may be recorded electronically or by such other method as the betting operator determines.

(3)  The betting operator must keep the records of particulars for at least 6 months.

122QI.     Relevant event must be shown at outlets

The betting operator must ensure that the relevant secondary contingency in a SportsBet 21 competition is electronically displayed, as it occurs, at each business outlet where it has accepted bets in that competition.

122QJ.     Results and dividends

(1)  The betting operator must –

(a) declare the result of a SportsBet 21 competition as soon as practicable after the relevant secondary contingency is completed; and

(b) cause the declared result to be electronically displayed at each business outlet as soon as practicable after making the declaration.

(2)  For the purposes of subregulation (1) , the result declared is to be the result that the betting operator, in good faith and according to its best knowledge, accepts is the official result declared, recognised or recorded by the controlling authority of the relevant sporting competition.

(3)  The result so declared and displayed is taken to be final and binding for the purposes of the competition and these regulations.

(4)  Any change or adjustment made to the result of the relevant secondary contingency by its controlling authority after the declaration has been made by the betting operator –

(a) is of no effect for the purposes of these regulations; and

(b) does not alter or affect the final and binding status of the result declared by the betting operator.

122QK.     Failure of equipment

(1)  If a SportsBet 21 competition cannot be completed because of a failure in the Point-of-Play Stations or other equipment being used to make and accept bets in the competition, whether for electronic or technical reasons, the competition is taken to have been cancelled.

(2)  If subregulation (1) applies, the betting operator must, as soon as practicable after the cancellation, refund each bet it accepted in the competition and for which a result had not been declared by that time.

(3)  For the purpose of this regulation, a mere interruption in the electronic transmission and display of the relevant secondary contingency is taken not to be a failure in the equipment being used to make and accept bets in the competition.

122QL.     Payment of winning bets

(1)  The betting operator must pay a winning bet as soon as practicable after it declares the result of the relevant secondary contingency.

(2)  The amount payable to an investor on a winning bet is the amount of the bet multiplied by the odds indicated when the bet was accepted.

(3)  A winning bet is to be paid by crediting the amount payable under subregulation (2) to the investor's SportsBet 21 account.

(4)  Despite subregulation (1) , the betting operator may postpone the payment of a winning bet if it considers –

(a) on reasonable grounds that it should investigate a matter connected with or affecting the competition or the relevant secondary contingency or sporting competition; or

(b) that there are other reasonable grounds necessitating or justifying the postponement.

122QM.     Prescribed percentage

For the purposes of section 57RA(1)(a) of the Act, the prescribed percentage is nil.

122QN.     Limitation of betting operator's liability

It is a condition of a SportsBet 21 competition that no action lies against the betting operator in respect of any of the following:

(a) the failure or inability of an investor to make a bet before the betting operator closes the betting on the relevant secondary contingency;

(b) the failure of an investor to correct inaccurate investment particulars that have been electronically displayed for the investor at the Point-of-Play Station;

(c) the unauthorised use of an investor's SportsBet 21 account;

(d) any discrepancy between a result declared by the betting operator under regulation 122QJ and a result declared, recognised or recorded by the controlling authority of the relevant sporting competition.

122QO.     Expiry of Division

This Division expires at midnight on 31 December 2001.

Displayed and numbered in accordance with the Rules Publication Act 1953 .

Notified in the Gazette on 12 June 2001

These regulations are administered in the Department of Treasury and Finance by TOTE Tasmania.

EXPLANATORY NOTE

(This note is not part of the regulation)

These regulations make provision for TOTE Tasmania to conduct a trial of a new kind of fixed odds sports betting competition (known as SportsBet 21) and prescribe the conditions on which the competition is to be conducted.