Victorian Current Acts Victorian Current ActsS. 4.6.5(1) amended by No. 40/2008 s. 11(2), repealed by No. 28/2022 s. 91(2).
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S. 4.6.5(2)(3) repealed by No. 28/2022 s. 91(2).
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S. 4.6.5(4) inserted by No. 40/2008 s. 11(3), amended by No. 13/2023 s. 65(a).
(4) A wagering and betting licensee, after the deduction of the licensee's commissions under section 4.6.4(2), must pay by way of dividends all money invested in a totalisator conducted by the licensee on an approved betting competition.
S. 4.6.5(5) inserted by No. 40/2008 s. 11(3), amended by No. 13/2023 s. 65(b).
(5) If no person nominates the winning combination in a totalisator conducted by a wagering and betting licensee on an approved betting competition, 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 on an approved betting competition.
S. 4.6.5(6) inserted by No. 40/2008 s. 11(3).
(6) If, but for this section, 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S. 4.6.6 amended by Nos 40/2008 s. 11(4), 29/2009 s. 61, repealed by No. 47/2018 s. 4(2).
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Ch. 4 Pt
6
Div. 2A (Heading and s. 4.6.6A) inserted by No. 29/2009 s. 62,
amended by No. 58/2009 s. 142(11), repealed by No. 47/2018
s. 4(2).
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Ch. 4 Pt 6
Div. 2B (Heading and s. 4.6.6B) inserted by No. 29/2009 s. 62,
repealed by No. 47/2018 s. 4(2).
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Division 3—Supervision charge
S. 4.6.7 amended by No. 1/2021 s. 29, repealed by No. 28/2022 s. 92.
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S. 4.6.7A (Heading) amended by No. 28/2022 s. 93.
S. 4.6.7A inserted by No. 40/2008 s. 12.