1997 No (NSW)

1997 No 305

New South Wales

Totalizator (Off-course Betting)

Distribution of Investments and

Commission—Race-meetings and

Other Events Order 1997

GORDON SAMUELS, Governor.

I, the Honourable Gordon Samuels AC, Governor of the State of New South Wales, with the advice of the Executive Council, and on the recommendation of the Treasurer, and in pursuance of section 13C of the

Totalizator (Off-course Betting) Act 1964, make the following Order.

Signed at Sydney, this 2nd day of July 1997.

By His Excellency’s Command

Michael Egan

Treasurer

1 Name of Order

This Order is the Totalizator (Off-course Betting) Distribution of Investments and Commission—Race-meetings and Other Events Order 1997.

2 Commencement

This Order commences on 4 July 1997.

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Published in Gazette No 73 of 4 July 1997, page 5285 Page 1

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Clause 3 Totalizator (Off-course Betting) Distribution of Investments and Commission—Race-meetings and Other Events Order 1997

3     Repeal of Totalizator (Off-course Betting) Distribution of

Commission—Race-meetings and Other Events Order 1996

The Totalizator (Off-course Betting) Distribution of

Commission-Race-meetings and Other Events Order 1996 is

repealed.

4 Notes

The explanatory note does not form part of this Order.

5 Definitions

In this Order:

multiple outcome event means an event or a series of events

between contestants or teams where more than 2 contingencies are determined to be possible outcomes of the event or series of events.

the Act means the Totalizator (Off-course Betting) Act 1964.

two outcome event means an event or a series of events between

contestants or teams where only 2 contingencies are determined

to be outcomes of the event or series of events.

6     Distribution for commission (race meetings)

In the case of money placed in a totalizator conducted by the Board in respect of any event or contingency in accordance with section 12 (3) of the Act, the proportion of the relevant percentage of the balance referred to in section 13A (1) (b) (i) of the Act:

(a) that the Board must pay to the Minister, to be credited to the Consolidated Fund, is the proportion specified in item 1 of the Table to this clause for each type of totalizator

specified in respect of that item, and

(b) that the Board must pay as commission to the Minister in respect of a doubles or multiple selection totalizator, to be separately credited to the Consolidated Fund for the purposes of section 13D of the Act, is the proportion specified in item 2 of that Table for the totalizator concerned, and

1997 No 305

Totalizator (Off-course Betting) Distribution of Investments and Commission—Race-meetings and Other Events Order 1997 Clause 6

(c)	that the Board must pay as commission to the Minister in respect of a superfecta totalizator, to be separately credited to the Consolidated Fund for the purposes of section 13E of the Act, is the proportion specified in item 3 of that Table for that totalizator, and
(d)	that the Board may retain as commission is the proportion specified in item 4 of that Table for each type of totalizator specified in respect of that item.

Table—Distribution of commission (race-meetings)

Notes.

1    From 1 July 1997, amounts equal to the proportions separately credited to the Minister under item 2 of the Table are to be subsequently paid into the Racecourse Development Fund (see section 13D of the Act).

2 An amount equal to the proportion separately credited to the Minister under item 3 of the Table is to be

subsequently paid into the Racing Assistance Fund (see section 13E of the Act).

7     Distribution of dividends or prize money and commissions (events other than race-meetings)

(1) This clause applies to money placed in a totalizator conducted by the Board in respect of any event or contingency in accordance with section 12A of the Act.

(2) The percentage of the balance that must be distributed as dividends or prize money under section 13B (1) (b) (i) of the Act is:

(a)	75% in the case of a multiple outcome event, and
(b)	94% in the case of a two outcome event.

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Clause 7 Totalizator (Off-course Betting) Distirbution of Investments and Commission—Race-meetings and Other Events Order 1997

(3)

The proportion of the remainder of the balance referred to in section 13B (1) (b) (ii) of the Act that the Board must pay as commission to the Minister to be credited to the Consolidated Fund is:

(a)	two-fifths in the case of a multiple outcome event, and
(b)	one-third in the case of a two outcome event.

(4)

The proportion of the remainder of the balance referred to in section 13B (1) (b) (ii) of the Act that the Board may retain as commission is:

(a)	three-fifths in the case of a multiple outcome event, and
(b)	two-thirds in the case of a two outcome event.

Explanatory note

The object of this Order is to repeal the Totalizator (Off-course Betting)

Distribution of Commission—Race-Meetings and Other Events Order 1996.

The effect is to vary the percentages prescribed as the percentages of money in a totalizator conducted by the Totalizator Agency Board that must be distributed as dividends or prize money, that must be paid as commission to the Minister to be credited to the Consolidated Fund and that may be retained by the Board as commission. The new Order provides for the deduction of lower commission rates than at present in respect of events between contestants or teams where there can be only two outcomes. The variations made by the new Order do not relate to events at a race-meeting on a race-course.

This Order is made under sections 13B and 13C of the Totalizator

(Off-course Betting) Act 1964.