Queensland Consolidated Acts

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RACING ACT 2002 - SECT 60B

60B Payment of share of net UNiTAB product fee as prize money

(1) A control body must pay 5.32% of its net UNiTAB product fee for a year as prize money for non-TABQ thoroughbred races conducted by non-TABQ thoroughbred clubs in the year.

(2) If, at the end of a year, a control body has not paid 5.32% of its net UNiTAB product fee for the year as prize money as required under subsection (1), the control body must use the remaining amount of the 5.32% for supporting non-TABQ thoroughbred racing.

Example of use of remaining amount of the 5.32% for supporting non-TABQ thoroughbred racing—
carrying out maintenance at a non-TABQ thoroughbred club


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