Victorian Current Acts Victorian Current Acts(1) The holder of a permit, after deduction of its commissions under section 4.4.8(1), must pay by way of dividends all money invested in totalisators conducted by it on a wagering event or wagering events.
(2) If no person nominates the winning combination in a totalisator conducted by a permit holder, the permit holder may, unless otherwise directed by the Commission, transfer the money that would have been payable as dividends in that totalisator to be added to the money to form part of the money available for dividends in respect of a subsequent totalisator conducted by it.
(3) If, but for this subsection, a dividend would include a fraction of 10 cents—
(a) if the fraction is less than 5 cents a permit holder—
(i) must not include the fraction in the dividend; and
(ii) must, within 14 days after the dividend is paid, pay the fraction to the Treasurer;
(b) if the fraction is 5 cents or more, a permit holder—
(i) is required to include 5 cents in the dividend; and
(ii) must, within 14 days after the dividend is paid, pay the balance of the fraction to the Treasurer.