Racing Bets Levy Amendment Regulations 2014 (WA)
| 32.10 | GOVERNMENT GAZETTE, WA | 9 September | 2011 |
RA301*
Racing Bets Levy Act 2009
Racing Bets Levy Amendment Regulations 2014
These regulations amend the Racing Bets Levy
Regulations 2009.
Made by the Administrator in Executive Council.
1. Citation
These regulations are the Racing Bets Levy Amendment
Regulations 2014.2. Commencement
These regulations come into operation as follows —
(a) regulations 1 and 2— on the day on which these regulations are published in the Gazette; (b) the rest of the regulations — on 1 October 2014. 3. Regulations amended
9 September 2014 GOVERNMENT GAZETTE, WA 3241 4. Regulation 3 amended
In regulation 3 insert in alphabetical order:
betting exchange bet means a bet of the type referred
to in paragraph (b) of the definition of racing bet;
greyhound race meeting has the meaning given in the
Racing and Wagering Western Australia Act 2003
section 3(1);
harness race meeting has the meaning given in the
Racing and Wagering Western Australia Act 2003
section 3(1);
non-exchange fixed odds bet means a fixed odds
wager, as defined in the Racing and Wagering Western
Australia Act 2003 section 3(1), that is not a betting
exchange bet;
pari-mutuel bet means a bet in a betting system in
which all bets are placed in a pool from which the
betting operator's commission is taken and the winning
odds are calculated by dividing the amount remaining
in the pool by the amount of the winning bets;
premium race meeting means a race meeting that
includes at least one race in respect of which the total
amount of the stakes paid (excluding trophies) is atleast as follows —
(a)
in the case of a thoroughbred race meeting — $100 000;
(b)
in the case of a harness race meeting — $50000;
(c)
in the case of a greyhound race meeting — $30 000;
race meeting has the meaning given in the Betting
Control Act 1954 section 4(1); standard race meeting means a race meeting that is not
a premium race meeting;
thoroughbred race meeting has the meaning given in
the Racing and Wagering Western Australia Act 2003
section 3(1);
5. Regulation 4 amended
In regulation 4(4) after "1 August 2013" insert:
but before 1 October 2014
Note: The heading to amended regulation 4 is to read:
Levy amount: bets placed or accepted before 1 October 2014
| 3242 | GOVERNMENT GAZETTE, WA | 9 September 2014 |
6. Regulation 5 inserted
After regulation 4 insert:
5. Levy amount: bets placed or accepted on or after
1 October 2014(1) The amount by way of levy to be paid under the
Betting Control Act 1954 section 14A(2) by a betting operator in respect of racing bets placed or accepted on a race meeting occurring on or after 1 October 2014 is set Out in this regulation.
(2) The amount is 1% of turnover for each month
beginning with October 2014 unless subregulation (3)
or (4) applies.
(3) If turnover (calculated from the beginning of the racing
year) reaches $3 000 000, the amount is as follows -
(a)
in the case of pari-mutuel bets placed or accepted on premium race meetings - 2.5% of turnover for each month, or part of a month, after turnover reaches $3 000 000;
(b)
in the case of pari-mutuel bets placed or accepted on standard race meetings - 1.5% of turnover for each month, or part of a month, after turnover reaches $3 000 000;
(c)
in the case of betting exchange bets placed or accepted on premium race meetings - 2.5% of turnover for each month, or part of a month, after turnover reaches $3 000 000;
(d)
in the case of betting exchange bets placed or accepted on standard race meetings - 1.5% of turnover for each month, or part of a month,
after turnover reaches $3 000 000;
(e)
placed or accepted on premium race
meetings —3% of turnover for each month, orin the case of non-exchange fixed odds bets $3 000 000;
(f) placed or accepted on standard race
in the case of non-exchange fixed odds bets part of a month, after turnover reaches $3000000.
(4) No amount is payable for any month during which
turnover does not reach $1000.
N. HAGLEY, Clerk of the Executive Council.
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