Betting and Racing Amendment (Fees) Regulation 2016 (NSW)

New South Wales

Betting and Racing Amendment (Fees)

Regulation 2016

under the

Betting and Racing Act 1998

His Excellency the Lieutenant-Governor, with the advice of the Executive Council, has made the following Regulation under the Betting and Racing Act 1998.

TROY GRANT, MP

Minister for Racing

Explanatory note
The object of this Regulation is to increase the fee that a racing control body may require a person who holds a race field information use approval to pay for the use of race field information. Currently, a racing control body may require a fee of 2.5% of an approval holder’s turnover in relation to non-totalizator odds betting. The amendment increases this percentage to 3% of turnover for race meetings at which at least 1 race carries prize money of $1,000,000 or more.

This Regulation also makes a consequential amendment to ensure that a change in either fee constitutes a regulation-making power).
ground for the variation of a race field information use approval.

Betting and Racing Amendment (Fees) Regulation 2016 [NSW]

Betting and Racing Amendment (Fees) Regulation 2016

under the

Betting and Racing Act 1998

1      Name of Regulation

This Regulation is the Betting and Racing Amendment (Fees) Regulation 2016.

2      Commencement

This Regulation commences on the day on which it is published on the NSW legislation website.

3 Amendment of Betting and Racing Regulation 2012

(1) Clause 16 Fees for race field information use approvals: section 33A (2) (a)

Omit clause 16 (2) (b). Insert instead:

(b)

on wagering turnover derived from wagers laid by the operator at odds other than totalizator derived odds:

(i)	in the case of any races covered by the approval that are at a race meeting at which at least 1 race carries prize money of $1,000,000 or more—a fee that does not exceed 3% of the operator’s wagering turnover in relation to the races, or
(ii)	in the case of any other races covered by the approval—a fee that does not exceed 2.5% of the operator’s wagering turnover in relation to the races,

(2)	Clause 18 Grounds for cancellation or variation of approvals: section 33A (4)
Omit “clause 16 (2) (a)” from the definition of maximum race field information use fee in clause 18 (4).
Insert instead “clause 16 (2)”.