Victorian Numbered Acts

GAMBLING REGULATION AMENDMENT (LICENSING) ACT 2008 (NO. 40 OF 2008) - SECT 9

For section 4.6.1 of the Principal Act substitute —

        " 4.6.1     Commissions

    (1)     The licensee may deduct, or cause to be deducted, as commission out of the total amount invested in each totalisator conducted by the licensee or wagering operator on a wagering event or wagering events, an amount not exceeding the maximum amount specified in the betting rules in relation to the relevant totalisator.

    (2)     The wagering and betting licensee may deduct, or cause to be deducted, as commission out of the total amount invested in each totalisator conducted by the wagering and betting licensee on a wagering event or wagering events, an amount not exceeding the maximum amount specified in the betting rules in relation to the relevant totalisator.

Note

The maximum amount specified in the betting rules cannot exceed 25% of the total amount invested in the totalisator—see section 4.2.5(2B).".