Racing (Totalizator Betting) Amendment Regulations 2005 (TAS)

Racing (Totalizator Betting) Amendment Regulations 2005

I, the Governor in and over the State of Tasmania and its Dependencies in the Commonwealth of Australia, acting with the advice of the Executive Council, make the following regulations under the Racing (Totalizator Betting) Act 1952 .7 February 2005

W. J. E. COX

Governor

By His Excellency’s Command,

K. J. BACON

Minister for Tourism, Parks and Heritage acting for and on behalf of the Minister for Finance

1Short titleThese regulations may be cited as the Racing (Totalizator Betting) Amendment Regulations 2005 . 2Commencement (1)  These regulations, except as specified in subregulation (2), take effect on 7 February 2005. (2)  Regulation 5 commences on 7 March 2005. 3Principal RegulationsIn these regulations, the Racing (Totalizator Betting) Regulations 1976 are referred to as the Principal Regulations. 4Regulation 114AB insertedAfter regulation 114A of the Principal Regulations, the following regulation is inserted: 114ABPrescribed percentage for purposes of section 57M of Act (Win totalizator) For the purposes of section 57M(1A)(a) of the Act, the prescribed percentage is 14.50%. 5Regulation 114AC insertedAfter regulation 114AB of the Principal Regulations (as inserted by regulation 4 of these regulations), the following regulation is inserted: 114ACPrescribed percentage for purposes of section 57M of Act (Forecast totalizator) (1) For the purposes of section 57M(1A)(e) of the Act, the prescribed percentage is 8.25%. (2)  This regulation expires at midnight on 30 May 2005. 6Regulation 114BA insertedAfter regulation 114B of the Principal Regulations, the following regulation is inserted: 114BAPrescribed percentage for purposes of section 57M of Act (Quinella totalizator) For the purposes of section 57M(1A)(g) of the Act, the prescribed percentage is 14.75%.

Displayed and numbered in accordance with the Rules Publication Act 1953.

Notified in the Gazette on 7 February 2005

These regulations are administered in the Department of Treasury and Finance.

EXPLANATORY NOTE

(This note is not part of the regulation) These regulations amend the

(a) increasing the amount that TOTE Tasmania deducts as commission from its total receipts for win totalizator betting; and (b) temporarily decreasing the amount that TOTE Tasmania deducts as commission from its total receipts for forecast totalizator betting; and (c) decreasing the amount that TOTE Tasmania deducts as commission from its total receipts for quinella totalizator betting.