Western Australian Current Regulations Western Australian Current Regulations (1) In this
rule —
syndicate sales (subscription) adjustment means an
adjustment of the difference in value between the master ticket subscription
value and the sum of the actual subscription values of the syndicate shares.
(2) To create a
syndicate, the Commission or an agent must produce a syndicate master ticket,
which confirms that the particular syndicate with the parameters printed on
that master ticket has been established in the central lotteries computer
system.
(3) A playslip may be
used to set up a syndicate under this Part, but cannot be used to purchase a
syndicate share.
(4) The Commission or
the agent that produces the master ticket is the holder of the master ticket.
(5) A syndicate sales
(subscription) adjustment may be required from time to time and the adjustment
will be made against the master ticket held by the Commission or the agent.