Racing and Gaming Amendment Act 1998 (TAS)

Racing and Gaming Amendment Act 1998

An Act to amend the Racing and Gaming Act 1952

[Royal Assent 19 June 1998]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1Short titleThis Act may be cited as the Racing and Gaming Amendment Act 1998 . 2CommencementThis Act commences on 1 July 1998. 3Principal ActIn this Act, the Racing and Gaming Act 1952 is referred to as the Principal Act. 4Section 47 insertedAfter section 46 of the Principal Act , the following section is inserted in Division I of Part IV: 47Chairperson of Authority to be director of Board (1) Notwithstanding any other recommendations that the Minister may make for the purposes of section 11(2) of the Government Business Enterprises Act 1995 in respect of the Board of Directors of the Totalizator Agency Board, the Minister must make a recommendation to the Governor under that section that the chairperson of the Authority be appointed, pursuant to section 11(1)(b) of that Act, as a director of that Board of Directors. (2)  The appointment of a person to the Board of Directors of the Totalizator Agency Board made by the Governor pursuant to subsection (1) is taken to have been terminated if the person ceases for any reason to be the chairperson of the Authority. 5Section 57M amended (Deduction of commission and declared payment of dividends) Section 57M(1A) of the Principal Act is amended as follows: (a) by omitting from paragraph (a) "15%" and substituting "14.25%"; (b) by omitting from paragraph (b) "15%" and substituting "14.25%"; (c) by omitting from paragraph (e) "17%" and substituting "16.5%"; (d) by omitting from paragraph (f) "17%" and substituting "19%". 6Section 57Q amended (Disbursement of totalizator commission) Section 57Q(1) of the Principal Act is amended as follows: (a) by omitting from paragraph (a)(ii) "4·5%" and substituting "3.75%"; (b) by omitting from paragraph (b)(ii) "4·5%" and substituting "3.75%"; (c) by omitting from paragraph (c)(ii) "4·5%" and substituting "3.75%"; (d) by omitting from paragraph (c)(iii) "1·5%" and substituting "2.25%"; (e) by omitting from paragraph (d)(ii) "4·5%" and substituting "3.75%"; (f) by omitting from paragraph (d)(iii) "1·5%" and substituting "2.25%"; (g) by omitting from paragraph (e)(i) "11%" and substituting "10.5%"; (h) by omitting from paragraph (e)(ii) "4·5%" and substituting "3.75%"; (i) by omitting from paragraph (e)(iii) "1·5%" and substituting "2.25%"; (j) by omitting from paragraph (f)(i) "11%" and substituting "12.25%"; (k) by omitting from paragraph (f)(ii) "4·5%" and substituting "3.75%"; (l) by omitting from paragraph (f)(iii) "1·5%" and substituting "3%"; (m) by omitting from paragraph (g)(ii) "4·5%" and substituting "3.75%"; (n) by omitting from paragraph (g)(iii) "0·5%" and substituting "1.25%"; (o) by omitting from paragraph (h)(ii) "6·5%" and substituting "3.75%"; (p) by omitting from paragraph (h)(iii) "1·5%" and substituting "4.25%"; (q) by omitting from paragraph (i)(ii) "4·5%" and substituting "3.75%"; (r) by omitting from paragraph (i)(iii) "1·5%" and substituting "2.25%"; (s) by omitting from paragraph (j)(ii) "6·5%" and substituting "3.75%"; (t) by omitting from paragraph (j)(iii) "1·5%" and substituting "4.25%".

[Second reading presentation speech made in:

House of Assembly on 26 MAY 1998

Legislative Council on 10 JUNE 1998]