Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated ActsIn this part:
"assessable turnover", of a licensed wagering operator, for a financial year means—
(a) the total amount of bets held on races conducted in the ACT; less
(b) the amount of any bet back on any race conducted in the ACT in the year.
"bet back" means a bet by a bookmaker on 1 or more runners in a race if the bet is made to offset, completely or partly, the bookmaker's liability for bets made with the bookmaker on the race.
"bets held on races conducted in the ACT", by a licensed wagering operator—
(a) means—
(i) all bets and wagers accepted by the operator for any race conducted in the ACT whether or not the actual amount owing has been paid; and
(ii) the aggregate of all bets or wagers placed by the operator's customers on a betting exchange for any race conducted in the ACT; but
Note Aggregate bets on a betting exchange, is the backer's side of wagers made by the licensed wagering operator's customers through the operation of the betting exchange, whether or not the betting exchange is a party to the wagering contract.
(b) does not include—
(i) free or complimentary bets taken for a race conducted in the ACT; or
(ii) multi-leg bets that include at least 1 race conducted outside the ACT.
"bets paid", in relation to a licensed wagering operator—
(a) means all bets and wagers paid or settled by the operator for any race conducted in the ACT; but
(b) does not include—
(i) payments made by the operator on any free or complimentary bets that were accepted; or
(ii) payments made by the operator on multi-leg bets that include at least 1 race conducted outside the ACT; or
(iii) unclaimed bets or dividends of the operator.
"betting exchange"—
(a) means a facility that allows a person—
(i) to place or accept, through the operator of the facility, a wager with another person; or
(ii) to place with the operator of the facility a wager that is matched with an opposing wager placed with the operator of the facility; but
(b) does not include a facility that allows a person to place a wager only with a person who conducts bookmaking or a totalisator.
"licensed wagering operator "means a wagering operator holding a licence or other authority to conduct a wagering business—
(a) under a law of the Territory, a State or an external territory; or
(b) issued by a controlling body, a corresponding body, or a racing authority of the Territory, a State or an external territory.
Note State includes the Northern Territory—see the Legislation Act, dict, pt 1.
"race field information" means information in relation to an authorised race meeting in the ACT that identifies, or is capable of identifying, any of the following:
(a) the name, number or time of a race;
(b) the name or number of a horse or greyhound nominated for, or otherwise taking part in, a race;
(c) the name or number of a horse or greyhound scratched or otherwise withdrawn from a race;
(d) the name or number of a rider of a horse nominated for, or otherwise taking part in, a race;
(e) the name or number of a trainer of a horse or greyhound nominated for, or otherwise taking part in, a race;
(f) the outcome of a race.
"racing authority", of the Territory, a State or an external territory, means an entity that controls, supervises or regulates racing in the ACT, State or external territory.
"relevant net revenue", of a licensed wagering operator, means bets held on races conducted in the ACT for which the relevant controlling body or ARO has responsibility, less the following:
(a) any bet back by the operator on races conducted in the ACT for which the relevant controlling body or ARO has responsibility;
(b) bets paid on races conducted in the ACT for which the relevant controlling body or ARO has responsibility.
(a) a bookmaker; or
(b) a person who conducts a betting exchange; or
(c) a person who conducts a totalisator; or
(d) a person who otherwise conducts a wagering business; or
(e) a person who acts as an agent for a person mentioned in paragraph (a), (b), (c) or (d).