Victorian Current Acts

GAMBLING REGULATION ACT 2003 - SECT 5.4.6

    (1)     In each financial year, the hypothecated amount must be paid out of the Consolidated Fund, in the proportions determined by the Treasurer, into—

        (a)     the Hospitals and Charities Fund; and

        (b)     the Mental Health Fund.

    (2)     The hypothecated amount for a financial year is an amount equal to the amount paid into the Consolidated Fund under section 5.4.3 in that year and any interest paid under section 5.4.4 in respect of that amount, less—

        (a)     any amount paid into the Consolidated Fund in that year in respect of AFL footy tipping competitions; and

        (b)     any amount paid out of the Consolidated Fund in that year under section 5.4.7(5)(a).

    (3)     The Consolidated Fund is appropriated to the extent necessary for payments to be made under subsection (1).

    (4)     It is the intention of the Parliament that amounts paid into the Consolidated Fund in respect of AFL footy tipping competitions be applied for the purposes of grass roots sports and for any one or more of the following purposes: health, women's sports and sports medicine.