Wagering Act 1998 (Qld)

Wagering Act 1998

An Act about wagering and for other purposes

Part 1    Preliminary

1   Short title

This Act may be cited as the Wagering Act 1998.

2   Commencement

This Act commences on a day to be fixed by proclamation.

2A   Object

(1)The object of this Act is to ensure that, on balance, the State and the community as a whole benefit from wagering.

(2)The balance is achieved by allowing wagering subject to a system of regulation and control designed to protect players and the community through—

(a)ensuring the integrity and fairness of games; and

(b)ensuring the probity of those involved in the conduct of wagering; and

(c)minimising the potential for harm from wagering.

Part 2    Interpretation

3   Definitions

The dictionary in schedule 2 defines particular words used in this Act.

4   Meaning of exclusivity period

(1)The exclusivity period, for a race wagering licence, is the period starting on 1 July 2014 and ending—

(a)30 years after 1 July 2014; or

(b)if, within the period of 30 years after 1 July 2014, a race wagering licence held by UBET or a UBET subsidiary is cancelled, surrendered or ceases to have effect for another reason (other than suspension)—on the day the licence is cancelled, surrendered or otherwise ceases to have effect.

(2)The exclusivity period, for a sports wagering licence, is the period starting on 1 July 2014 and ending—

(a)30 years after 1 July 2014; or

(b)if, within the period of 30 years after 1 July 2014, a sports wagering licence held by UBET or a UBET subsidiary is cancelled, surrendered or ceases to have effect for another reason (other than suspension)—on the day the licence is cancelled, surrendered or otherwise ceases to have effect.

5   Meaning of oncourse wagering permit

(1)An oncourse wagering permit is a permit authorising the permit holder to conduct oncourse wagering by means of a totalisator by accepting investments placed by persons at a race meeting conducted by the permit holder at a licensed venue.

(2)Subsection (1) applies only to investments that—

(a)are placed by persons at the licensed venue stated in the permit; and

(b)relate to races held at the race meeting conducted by the permit holder.

6   Meaning of race wagering licence

A race wagering licence is a licence authorising the race wagering licensee to conduct wagering on an event or contingency that—

(a)is, or relates to, thoroughbred, harness or greyhound racing; and

(b)may be lawfully held in Queensland or elsewhere.

7   Meaning of sports wagering licence

(1)A sports wagering licence is a licence authorising the sports wagering licensee to conduct wagering on—

(a)a sporting event or sporting contingency (whether in Australia or elsewhere); or

(b)a simulated event or simulated contingency approved by the Minister under section 57; or

(c)a non-sporting event, or a contingency relating to a non-sporting event, approved by the Minister…