Totalizator Act 1916 Rule relating to superfecta races in which there are only 4 or 5 finishers (1992-429) [GG No 97 of 7.8.1992] (NSW)

1992—No. 429

TOTALIZATOR ACT 1916—RULE

(Relating to superfecta races in which there are only 4 or 5 finishers)

NEW SOUTH WALES

[Published in Gazette No. 97 of 7 August 1992]

HIS Excellency the Governor, with the advice of the Executive Council, and in pursuance of the Totalizator Act 1916, has been pleased to make the Rule set forth hereunder.

JOE SCHIPP,

Minister for Sport, Recreation and Racing.

Commencement

1. This Rule commences on 8th August 1992.

Amendments

2. The Superfecta Totalizator Rule 1986 is amended:

(a)	by omitting from clause 11 (1) (b) the matter “6” and by inserting instead the matter “4”;
(b)	by inserting in clause 15 (2) after the words “golden superfecta race” the words “in which there are 6 or more finishers”;
(c)	by omitting from clause 15 (3) the words “other than a golden superfecta race” and by inserting instead the words “(other than a golden superfecta race) in which there are 6 or more finishers”;

(d) by inserting after clause 15 (3) the following subclauses:

(4) In the case of a superfecta race (including a golden superfecta race) in which there are only 4 or 5 finishers, such part of the amount contained in the dividend pool as has been paid into the pool pursuant to clause 19 shall be paid into the jackpot pool for the next superfecta race of the same type.

(5) The mount remaining in the dividend pool after the payment referred to in subclause (4) has ken made shall, in the case of a race in which there are only 5 finishers, be paid

1992—No. 429

(a)	to the investors who have selected the 5 finishers in correct order; or
(b)	where no investor has selected the 5 finishers in correct order:

(i)  as to 70 per cent of that amount, into the jackpot pool for the next superfecta race of the same type; and

(ii)  as to 30 per cent of that amount, into the consolation pool for the race to which the dividend pool relates.

(6) The amount remaining in the dividend pool after the payment referred to in subclause (4) has been made shall, in the case of a race in which there are only 4 finishers, be paid:

(a)	to the investors who have selected the 4 finishers in correct order; or
(b)	where no investor has selected the 4 finishers in correct order, into the jackpot pool for the next superfecta race of the same type.

(e) by omitting from clause 16 (1) the words “other than” and by

inserting instead the word “including”;

(f) by omitting from clause 16 (2) the word “The” and by inserting instead the words “In the case of a race in which there are 6 or more finishers, the”;

(g) by inserting after clause 16 (2) the following subclause:

(3) In the case of a race in which there are only 5 finishers, the

amount contained in the consolation pool shall be paid:

(a)	to the investors who have selected the first 4 finishers in correct order; or
(b)	where no investor has selected the first 4 finishers in correct order, into the jackpot pool for the next superfecta race of the same type.

EXPLANATORY NOTE

The object of this Rule is to amend the Superfecta Totalizator Rule 1986 so as to enable dividends to be paid in relation to a superfecta race in circumstances in which there are only 4 or 5 finishers in the race.