Racing and Betting Act Amendment Act 1987 (No. 2) (Qld)

1086, Queensfanb ANNO TRICESIMO SEXTO ELIZABETHAE SECUNDAE R EGINAE °77 An Act to amend the Racing and BettingAct 1980- 1987 in certain particulars [ASSENTED TO 1ST DECEMBER, 1987]

Racing andBetting Act Amendment Act (No. 2) 1987, No. 85 1087 BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. Short title and citation . (1) This Act may be cited as the Racing and Betting Act Amendment Act 1987 (No. 2). (2) In this Act the Racing and Betting-Act 1980-1985 as amended by the Racing and Betting Act Amendment Act 1987 is referred to as the Principal Act. (3) The Principal Act as amended by this Act may be cited as the Racing and Betting Act 1980-1987. 2. Amendment of s. 163. Bookmaker ' s turnover tax. Section 163 of the Principal Act is amended by omitting subsection (2) and substituting the following subsection:- "(2) Bookmaker's turnover tax shall be calculated on the aggregate of the amounts of all bets made by a bookmaker at a meeting, at the rate of 1.33 per centum.". 3. Amendment of s. 164. Club levy. Section 164 of the Principal Act is amended by omitting subsection (2) and substituting the following subsection:- "(2) Club levy shall be calculated on the aggregate of the amounts of all bets made by a bookmaker, on which bookmaker's turnover tax is levied and charged, at the rate of 0.67 per centum.".