Victorian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

GAMBLING REGULATION ACT 2003 - SECT 4.2.5

Licensee to make betting rules

S. 4.2.5(1) repealed by No. 28/2022 s. 76(a).

    *     *     *     *     *

S. 4.2.5(1A) inserted by No. 40/2008 s. 5(5), amended by No. 13/2023 s. 15(a).

    (1A)     Subject to this Act, the regulations and any condition of their wagering and betting licence, a wagering and betting licensee must make betting rules in relation to—

        (a)     totalisators for wagering; and

        (b)     totalisators for approved betting competitions; and

        (c)     betting in approved betting competitions at fixed odds; and

        (d)     any other matters that are necessary for the proper carrying on of a business of wagering and a business of conducting approved betting competitions.

S. 4.2.5(2) amended by Nos 40/2008 s. 5(6)(a), 28/2022 s. 76(b).

    (2)     Betting rules may, without limiting subsection (1A)(d), include provisions relating to—

        (a)     placing of bets, including minimum bets;

        (b)     odds;

        (c)     dividends or prizes, including minimum dividends or prizes, calculation of dividends or prizes, payment of dividends or prizes and unclaimed dividends or prizes;

        (d)     refunds;

        (e)     betting accounts;

        (f)     jackpots;

        (g)     determination of disputes;

        (h)     display of information.

S. 4.2.5(2A) inserted by No. 22/2007 s. 9(1), amended by Nos 40/2008 s. 5(6)(b), 28/2022 s. 76(c).

    (2A)     Betting rules under subsection (1A)(a) must specify the maximum amount (whether expressed as a percentage or otherwise) that may be deducted as commission out of the total amount invested in each totalisator to which the rules relate.

S. 4.2.5(2B) inserted by No. 22/2007 s. 9(1), substituted by No. 64/2014 s. 13(1).

    (2B)     The maximum amount of commission specified in accordance with subsection (2A) cannot exceed—

        (a)     in the case of a commission to be deducted out of an amount invested in an internationally pooled totalisator—40% of the total amount invested in the totalisator; or

        (b)     in the case of a commission to be deducted out of an amount invested in any other totalisator—25% of the total amount invested in the totalisator.

S. 4.2.5(2BA) inserted by No. 64/2014 s. 13(2).

    (2BA)     For the purposes of subsection (2B), a totalisator is an internationally pooled totalisator if it is conducted—

        (a)     in Australia in respect of a wagering event occurring outside Australia; and

        (b)     in conjunction with a totalisator that is conducted outside Australia in respect of that event.

S. 4.2.5(2C) inserted by No. 22/2007 s. 9(1).

    (2C)     Despite anything to the contrary in this section, a betting rule that specifies a maximum amount that may be deducted as commission referred to in subsection (2A) does not have effect unless, before the rule is made, the Treasurer has given his or her consent in writing to the maximum amount so specified.

    (3)     Betting rules must specify the day on which they are made and the day on which they come into operation, being a day at least 4 weeks after the day on which they are made or such earlier day (not being earlier than the day of making) approved in writing by the Commission.

    (4)     Betting rules may confer a discretionary authority or impose a duty on a specified person or class of persons.

S. 4.2.5(5) amended by Nos 40/2008 s. 5(6)(c), 28/2022 s. 76(d), 13/2023 s. 15(b).

    (5)     A wagering and betting licensee must comply with the prescribed requirements relating to the making of betting rules.

S. 4.2.5(6) substituted by No. 40/2008 s. 5(7), repealed by No. 28/2022 s. 76(e).

    *     *     *     *     *

S. 4.2.5(7) inserted by No. 40/2008 s. 5(7), amended by No. 13/2023 s. 15(c).

    (7)     Betting rules under subsection (1A), as in force when the bet is made, form part of the contract between a wagering and betting licensee and an investor.

S. 4.2.6 (Heading) amended by No. 29/2009 s. 52(1).



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback