Queensland Consolidated Acts Queensland Consolidated Acts(1) A totalisator is a system used--
(a) to enable persons to invest money on events or contingencies with a view to successfully predicting specified outcomes of the events or contingencies; and
(b) to enable the totalisator pool to be divided and distributed among the persons who successfully predict the outcomes.
(2) A totalisator also includes an instrument, machine or device under which the system mentioned in subsection (1) is operated.
(3) In subsection (1)(b), a reference to the totalisator pool is a reference to the amount left from the investments after--
(a) making allowances for refunds of investments; and
(b) deducting any amount payable by way of commission for the conduct of the totalisator.