Racing (Totalizator Betting) Amendment Regulations 2007 (TAS)

Racing (Totalizator Betting) Amendment Regulations 2007

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 .23 April 2007

W. J. E. COX

Governor

By His Excellency’s Command,

MICHAEL AIRD

Treasurer

1Short titleThese regulations may be cited as the Racing (Totalizator Betting) Amendment Regulations 2007 . 2CommencementThese regulations take effect on the day on which their making is notified in the Gazette. 3Principal RegulationsIn these regulations, the Racing (Totalizator Betting) Regulations 1976 are referred to as the Principal Regulations. 4Part IVB insertedAfter regulation 122R of the Principal Regulations, the following Part is inserted: PART IVBInternational Totalizator Betting Pools 122SPrescribed commission – section 57FA(3) of Act (1) For section 57FA(3) of the Act, the prescribed percentage in respect of TOTE Tasmania’s total receipts for any class of totalizator betting under an international pooling agreement with AB Trav och Galopp (ATG) is 35%. (2)  In this regulation – AB Trav och Galopp (ATG) means the company of that name incorporated in Sweden (Swedish business ID 556180-4161); international pooling agreement means an agreement entered into under section 57FA(1) of the Act.

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

Notified in the Gazette on 2 May 2007

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