Wagering Amendment Rule (No. 1) 2007 (Qld)

Queensland Wagering Amendment Rule (No. 1) 2007 Subordinate Legislation 2007 No. 135 made under the WageringAct1998 Contents Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Rule amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Amendment of s 52 (Bonus prize reserve). . . . . . . . . . . . . . . . . . 2 4 Insertion of new s 52A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 52A Payment of bonus prize reserve into the consolidated fund . . . . . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s4 Wagering Amendment Rule (No. 1) 2007 No. 135, 2007 1 Short title This rule may be cited as the Wagering Amendment Rule (No. 1) 2007 . 2 Rule amended This rule amends the Wagering Rule 1999. 3 Amendment of s 52 (Bonus prize reserve) Section 52— insert— ‘(3) The licence operator must identify the bonus prize reserve in the licence operator’s accounting records as a bonus prize reserve until it is dealt with under subsection (2).’. 4 Insertion of new s 52A After section 52— insert— ‘52A Payment of bonus prize reserve into the consolidated fund ‘(1) This section applies if a person who is a licence operator— (a) ceases conducting wagering under a sports wagering licence using a totalisator; or (b) ceases being a licence operator. ‘(2) The person must pay to the chief executive the amount of a bonus prize reserve that has not been distributed under section 52. ‘(3) The chief executive must pay the amount received under subsection (2) into the consolidated fund.’.

3 Wagering Amendment Rule (No. 1) 2007 No. 135, 2007 ENDNOTES 1 Made by the Deputy Premier, Treasurer and Minister for Infrastructure on 5 June 2007. 2 Notified in the gazette on 22 June 2007. 3 Laid before the Legislative Assembly on . . . 4 The administering agency is the Treasury Department. © State of Queensland 2007