Wagering Amendment Rule (No. 1) 2005 (Qld)

Queensland Wagering Amendment Rule (No. 1) 2005 Subordinate Legislation 2006 No. 1 made under the WageringAct1998 Contents Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Rule amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Amendment of s 15C (Refund of investment—fixed odds—multi-leg event) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Amendment of s 16 (Refund of investment—fixed odds—other than multi-leg event or jockeys’ challenge) . . . . . . . . . . . . . . . . . . 3 5 Amendment of sch 2 (Dictionary) . . . . . . . . . . . . . . . . . . . . . . . . . 4

s1 2 s3 Wagering Amendment Rule (No. 1) 2005 No. 1, 2006 1 Short title This rule may be cited as the Wagering Amendment Rule (No. 1) 2005 . 2 Rule amended This rule amends the Wagering Rule 1999. 3 Amendment of s 15C (Refund of investment—fixed odds—multi-leg event) (1) Section 15C(3)(d)— omit, insert— ‘(d) for a match, other than a tennis match, that is a leg of the multi-leg event— (i) a competitor starts competing in the match but later stops competing before the match can be completed; and (ii) the result of the match is not announced within 7 days after the conclusion of the match; or (e) for a tennis match that is a leg of the multi-leg event—a competitor starts competing in the match but later stops competing before the match can be completed; or (f) the result of a leg of the event is not announced within 7 days after the conclusion of the leg and paragraph (d) does not apply; or (g) the result of the multi-leg event is not announced within 7 days after the conclusion of the event.’. (2) Section 15C— insert— ‘(3A) Despite subsection (3)(c), a licence operator is not required to refund an investment received on a selection for a multi-leg event, if— (a) a match that is a leg of the multi-leg event is cancelled because a competitor that is part of the selection for the event withdraws before the match starts; and

s4 3 s4 Wagering Amendment Rule (No. 1) 2005 No. 1, 2006 (b) the investment is a futures option. ‘(3B) Despite subsection (3)(d) or (e), a licence operator is not required to refund an investment received on a selection for a multi-leg event if— (a) the investment has been decided before the conclusion of the match; or (b) the investment is a futures option.’. (3) Section 15C(3A) to (4)— renumber as section 15C(4) to (6). 4 Amendment of s 16 (Refund of investment—fixed odds—other than multi-leg event or jockeys’ challenge) (1) Section 16(1), ‘(2) to (4)’— omit, insert — ‘(2), (3) and (6)’. (2) Section 16(3)(b)— insert— ‘ Example for paragraph (b) — An event is cancelled because a competitor for the event withdraws before the event is due to start. ’. (3) Section 16(3)(c)— omit, insert — ‘(c) for an event that is a match, other than a tennis match— (i) a competitor starts competing in the match but later stops competing before the match can be completed; and (ii) the result of the match is not announced within 7 days after the conclusion of the match; or (d) for an event that is a tennis match—a competitor starts competing in the match but later stops competing before the match can be completed; or

s5 4 s5 Wagering Amendment Rule (No. 1) 2005 No. 1, 2006 (e) the result of the event is not announced within 7 days after the conclusion of the event and paragraph (c) does not apply.’. (4) Section 16— insert— ‘(3A) Despite subsection (3)(b), a licence operator is not required to refund an investment on a selection for a match if— (a) the match is cancelled because a competitor that is part of the selection withdraws before the match starts; and (b) the investment is a futures option. ‘(3B) Despite subsection (3)(c) or (d), a licence operator is not required to refund an investment received on a selection for an event if— (a) the investment has been decided before the conclusion of the match; or Example for paragraph (a) — A makes an investment that player X will win the first set of a tennis match. Player X wins the first set but retires because of injury in the second set. A’s investment has been decided. (b) the investment is a futures option.’. (5) Section 16(3A) to (5)— renumber as section 16(4) to (7). 5 Amendment of sch 2 (Dictionary) (1) Schedule 2— insert — ‘ futures option , means a fixed odds investment that a competitor in a sporting event will progress to a certain stage of, or win, the event. Example — an investment that player A will progress to the semi-finals of a tennis tournament ’.

s5 5 s5 Wagering Amendment Rule (No. 1) 2005 No. 1, 2006 (2) Schedule 2, definition multi-leg event , ‘15C(4)’ omit, insert — ‘15C(6)’. ENDNOTES 1. Made by the Deputy Premier and Minister for Finance, Minister for State Development, Trade and Innovation on 26 November 2005. 2. Notified in the gazette on 8 January 2006. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 2006