Victorian Numbered Acts

GAMBLING REGULATION AMENDMENT (LICENSING) ACT 2008 (NO. 40 OF 2008) - SECT 5

    (1)     After section 4.1.1(a)(i) of the Principal Act insert —

    "(ia)     the issuing of a wagering and betting licence;".

    (2)     In section 4.1.3(2) of the Principal Act, for "sections 4.6.1 and 4.6.4" substitute "sections 4.6.1(1) and 4.6.4(1)".

    (3)     After section 4.1.3(3) of the Principal Act insert —

    "(4)     For the purposes of Part 6, the Treasurer, by notice given to the wagering and betting licensee, may grant the wagering and betting licensee an exemption, subject to the conditions (if any) determined by the Treasurer and specified in the notice, for a totalisator conducted by the wagering and betting licensee if the Treasurer is satisfied that the totalisator is not connected with wagering or approved betting competitions conducted in Victoria.

    (5)     The Treasurer, by notice given to the wagering and betting licensee, may, subject to the conditions (if any) determined by the Treasurer and specified in the notice, declare that specified amounts, or amounts of a specified class, invested in a totalisator are deemed, for the purposes of sections 4.6.1(2) and 4.6.4(2), not to form part of the total amount invested in that totalisator.".

    (4)     In the Principal Act—

        (a)     in sections 4.2.1(3) and 4.2.3, after "operator" (wherever occurring) insert
", the wagering and betting licensee";

        (b)     in section 4.2.4(1)—

              (i)     after "operator" insert "or the wagering and betting licensee";

              (ii)     for "this section" substitute
"this Division";

        (c)     in section 4.2.4(2), for "this section" substitute "this Division".

    (5)     After section 4.2.5(1) of the Principal Act insert —

    "(1A)     Subject to this Act, the regulations and any condition of the wagering and betting licence, the wagering and betting licensee must make betting rules in relation to—

        (a)     totalisators for wagering; and

        (b)     totalisators for approved betting competitions; and
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        (c)     betting in approved betting competitions at fixed odds; and

        (d)     any other matters that are necessary for the proper carrying on of a business of wagering and a business of conducting approved betting competitions.".

    (6)     In section 4.2.5 of the Principal Act—

        (a)     in subsection (2), after "subsection (1)(d)" insert "or (1A)(d)";

        (b)     in subsection (2A), after "subsection (1)(a)" insert "or (1A)(a)";

        (c)     in subsection (5), after "licensee" insert
"and the wagering and betting licensee".

    (7)     For section 4.2.5(6) of the Principal Act substitute —

    "(6)     Betting rules under subsection (1), as in force when the bet is made, form part of the contract between the licensee or an operator and the investor.

    (7)     Betting rules under subsection (1A), as in force when the bet is made, form part of the contract between the wagering and betting licensee and the investor.".

    (8)     In section 4.2.6 of the Principal Act—

        (a)     in subsection (1), after "licensee" insert
"or the wagering and betting licensee";

        (b)     in subsection (2), after "licensee" insert
"or the wagering and betting licensee (as the case requires)";

        (c)     in subsection (3), after "licensee" insert
"or the wagering and betting licensee (as the case requires).".