Victorian Current Acts Victorian Current ActsS. 4.6.2(1)–(3) repealed by No. 28/2022 s. 89(2).
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S. 4.6.2(4) inserted by No. 40/2008 s. 10, amended by No. 13/2023 s. 63(a).
(4) A wagering and betting licensee, after deduction of the licensee's commissions under section 4.6.1(2), must pay by way of dividends all money invested in totalisators conducted by the licensee on a wagering event or wagering events.
S. 4.6.2(5) inserted by No. 40/2008 s. 10, amended by No. 13/2023 s. 63(b).
(5) If no person nominates the winning combination in a totalisator conducted by a wagering and betting licensee, the licensee 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 the licensee.
S. 4.6.2(6) inserted by No. 40/2008 s. 10.
(6) If, but for this subsection, a dividend would include a fraction of 10 cents—
(a) if the fraction is less than 5 cents, the wagering and betting licensee is not required to include the fraction in the dividend; and
(b) if the fraction is 5 cents or more, the wagering and betting licensee is required to include 5 cents in the dividend.
S. 4.6.3 amended by Nos 29/2009 s. 60, 64/2010 s. 45, 32/2012 s. 13(6), repealed by No. 47/2018 s. 4(2).
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S. 4.6.3A inserted by No. 58/2009 s. 81, repealed by No. 47/2018 s. 4(2).
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Division 2—Approved betting competitions
S. 4.6.4 (Heading) amended by No. 28/2022 s. 90(1).
S. 4.6.4 amended by No. 40/2008 s. 11(1) (ILA s. 39B(1)).