Victorian Current Acts

GAMBLING REGULATION ACT 2003 - SECT 4.5.29

S. 4.5.29(1) amended by No. 9/2018 s. 14(2).

    (1)     The Commission, by instrument, may prohibit betting on a contingency relating to an event if the Commission considers that betting on the contingency relating to an event—

        (a)     may expose the relevant event or class of event to unmanageable integrity risks; or

        (b)     is offensive; or

        (c)     is contrary to the public interest; or

        (d)     is unfair to investors; or

        (e)     should be prohibited for any other reason.

S. 4.5.29(1A) inserted by No. 64/2014 s. 20(1), amended by No. 9/2018 s. 14(3).

    (1A)     The Commission may prohibit betting on a contingency relating to an event under subsection (1) on application by a sports controlling body or on its own initiative.

    (2)     The Commission, by instrument, may vary or revoke a prohibition under subsection (1) at any time.

    (3)     A prohibition, or variation or revocation of a prohibition, takes effect on the day notice of it is published in the Government Gazette under section 4.5.30(1)(a) or on the later day specified in the notice.

S. 4.5.29(4) repealed by No. 9/2018 s. 14(4).

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S. 4.5.30 inserted by No. 18/2007 s. 3.