Betting (Totalizator Agency) (Amendment) Act (No 2) 1986 (ACT)

AUSTRALIAN CAPITAL TERRITORY

Betting (Totalizator Agency) (Amendment) Ordinance (No. 2) 1986

No. 69 of 1986

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Ordinance under the Seat of Government (Administration) Act 1910.

Dated 22 October 1986.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

G.  SCHOLES

Minister of State for Territories

An Ordinance to amend the Betting (Totalizator Agency) Ordinance 1964

Short title

1.  This Ordinance may be cited as the Betting (Totalizator Agency) (Amendment) Ordinance (No. 2) 1986.¹

Principal Ordinance

2.  In this Ordinance, “Principal Ordinance” means the Betting (Totalizator Agency) Ordinance 1964.²

3.  After section 27 of the Principal Ordinance the following section is inserted:

Payments to Commonwealth

“28. (1)  The Board shall, as soon as practicable after the commencement of each accounting period, pay to the Commonwealth an amount equal to 3 per cent, or such other percentage as the Minister, by notice in the Gazette, from time to time determines, of the amount of bets accepted by the Board during the preceding accounting period.

“(2)  In relation to bets accepted by the Board in the accounting periods that commenced on 1 August 1986 and 31 August 1986, the Board shall, as soon as practicable after the commencement of the Betting (Totalizator Agency) (Amendment) Ordinance (No. 2) 1986, pay to the Commonwealth an amount equal to 3 per cent of the amount of the bets so accepted during those accounting periods.”.

Ordinary application of revenue of the Board

4.  Section 30 of the Principal Ordinance is amended by inserting “section 28 and” after “under” (first occurring).

Reserve Account

5.  Section 30A of the Principal Ordinance is amended by inserting in sub-section (2) “section 28 and” after “under” (first occurring).

NOTES

1. Notified in the Commonwealth of Australia Gazette on 24 October 1986.

2. No. 14, 1964 as amended to date.  For previous amendments see Note 2 to No. 46, 1986 and see also No. 46, 1986.