Wagering Amendment Rule (No. 1) 2003 (Qld)

Queensland Subordinate Legislation 2003 No. 275 Wagering Act 1998 WAGERING AMENDMENT RULE (No. 1) 2003 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Rule amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Replacement of s 12 (Investment for a win—fixed odds) . . . . . . . . . . . . . . . 2 12 Fixed odds investments—general . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 12A Investment for a win—fixed odds . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 Amendment of s 15A (Limit on amount invested) . . . . . . . . . . . . . . . . . . . . 2 6 Amendment of s 15B (Refund of investment—fixed odds—jockeys’ challenge) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 7 Amendment of s 16 (Refund of investment—fixed odds—other than multi-leg event or jockeys’ challenge). . . . . . . . . . . . . . . . . . . . . . . . . . 3 8 Amendment of s 28AD (Licence operator may refuse to accept a deposit or investment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9 Amendment of s 40 (Result of event) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 10 Replacement of s 42 (Amount of payout for fixed odds wagering) . . . . . . . 3 42 Amount of payout for fixed odds wagering . . . . . . . . . . . . . . . . . . . . 4 11 Amendment of s 42A (Amount of payout if there is a late scratching—fixed odds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 12 Amendment of s 48 (Publication of results) . . . . . . . . . . . . . . . . . . . . . . . . . 5 13 Amendment of s 93 (Application of expressions used in pt 8) . . . . . . . . . . . 5 14 Amendment of sch 1 (Deductions for late scratchings) . . . . . . . . . . . . . . . . 5 15 Amendment of sch 2 (Dictionary). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

s1 2 s6 Wagering Amendment Rule (No. 1) 2003 No. 275, 2003 1 Short title This rule may be cited as the Wagering Amendment Rule (No. 1) 2003 . 2 Commencement This rule commences on 10 November 2003. 3 Rule amended This rule amends the Wagering Rule 1999. 4 Replacement of s 12 (Investment for a win—fixed odds) Section 12— omit, insert— ‘12 Fixed odds investments—general ‘A fixed odds investment is a winning investment if it is made on a selection for an event that is the result for the event.’. ‘12A Investment for a win—fixed odds ‘An investment for a win is a winning investment if the competitor selected for the investment wins the event.’. 5 Amendment of s 15A (Limit on amount invested) (1) Section 15A(1), example 1— omit. (2) Section 15A(1), examples 2 and 3— renumber as examples 1 and 2. 6 Amendment of s 15B (Refund of investment—fixed odds—jockeys’ challenge) Section 15B(4), definitions “leading jockey” and “unassailable lead”, ‘jockey’s challenge’—

s 7 3 s 10 Wagering Amendment Rule (No. 1) 2003 No. 275, 2003 omit, insert— ‘jockeys’ challenge’. 7 Amendment of s 16 (Refund of investment—fixed odds—other than multi-leg event or jockeys’ challenge) Section 16(4)— omit, insert— ‘ (4) A licence operator must refund in full an investment for a win or an each way option received on a runner selected for a race if— (a) the investment is received by the licence operator after the time for final acceptances for the race; and (b) the runner is a scratching or late scratching.’. 8 Amendment of s 28AD (Licence operator may refuse to accept a deposit or investment) (1) Section 28AD, heading— omit, insert— ‘28AD Refusal to accept a deposit or investment’ . (2) Section 28AD(2), ‘Also, a licence operator may’— omit, insert— ‘A licence operator must’. 9 Amendment of s 40 (Result of event) Section 40(1) and (2)(b), ‘body or organisation’— omit, insert— ‘entity’. 10 Replacement of s 42 (Amount of payout for fixed odds wagering) Section 42— omit, insert—

s 11 4 s 11 Wagering Amendment Rule (No. 1) 2003 No. 275, 2003 ‘42 Amount of payout for fixed odds wagering ‘ (1) The amount of the payout for a winning investment for a win is the amount shown on the investor’s printed ticket as the payout figure for a win. ‘ (2) The amount of the payout for a winning each way option included in an investment for a win— (a) is the amount shown on the investor’s printed ticket as the payout figure for a place; and (b) is based on odds of 1 quarter of the odds for the investment for a win. ‘ (3) The amount of the payout for a winning fixed odds investment, other than an investment mentioned in subsection (1) or (2), is the amount shown on the investor’s printed ticket as the payout figure for the selection on which the investment was made. ‘ (4) This section is subject to section 42A.’. 11 Amendment of s 42A (Amount of payout if there is a late scratching—fixed odds) (1) Section 42A, heading and subsection (1)— omit, insert— ‘42A Reduction of payout if there is a scratched runner—fixed odds ‘ (1) This section applies if— (a) a runner (the “scratched runner” ) in a race is a scratching or late scratching; and (b) an investment for a win or an each way option was made on another runner in the race— (i) after the time for final acceptances for the race; and (ii) before the scratched runner became a scratching or late scratching.’. (2) Section 42A(2), ‘win investment’— omit, insert— ‘investment for a win’. (3) Section 42A(2), ‘ PWI ’—

s 12 5 s 14 Wagering Amendment Rule (No. 1) 2003 No. 275, 2003 omit, insert— ‘ PIW ’. (4) Section 42A(2) to (5), ‘late scratching’— omit, insert— ‘scratched runner’. (5) Section 42A(3), ‘place investment’— omit, insert— ‘each way option’. (6) Section 42A(6)— omit, insert— ‘ (6) In this section— “final odds” , for a scratched runner, means the odds for the runner offered by the authority operator immediately before the runner became a scratching or late scratching.’. 12 Amendment of s 48 (Publication of results) Section 48, ‘body or organisation’— omit, insert— ‘entity’. 13 Amendment of s 93 (Application of expressions used in pt 8) Section 93(b), ‘body or organisation’— omit, insert— ‘entity’. 14 Amendment of sch 1 (Deductions for late scratchings) Schedule 1, heading ‘ LATE SCRATCHINGS ’— omit, insert— ‘ SCRATCHED RUNNERS ’.

s 15 6 s 15 Wagering Amendment Rule (No. 1) 2003 No. 275, 2003 15 Amendment of sch 2 (Dictionary) (1) Schedule 2— insert— ‘ “fixed odds investment” means an investment made on a fixed odds basis on a selection for an event. “investment for a win” means a fixed odds investment for which a competitor is selected to win an event. “published” means published to the public in a paper form or by the internet. “time for final acceptances” , for a race on which fixed odds wagering is conducted by a licence operator, means the time, however described, published by the licence operator, from which no more runners may be entered in the race.’. (2) Schedule 2, definition “void match”, paragraph (a), ‘body or organisation’— omit, insert— ‘entity’. ENDNOTES 1. Made by the Treasurer on 27 October 2003. 2. Notified in the gazette on 7 November 2003. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 2003