Western Australian Consolidated Acts Western Australian Consolidated Acts (1) An account called
the Racing Bets Levy Account is to be established —
(a) as
an agency special purpose account under the Financial Management
Act 2006 section 16; or
(b) with
the approval of the Treasurer, at a bank as defined in section 3 of that
Act,
to which the
Commission must credit moneys paid to or recovered by the Commission under the
Betting Control Act 1954 section 14A.
(2) The Racing Bets
Levy Account is to be administered by the Commission.
(3) The Racing Bets
Levy Account is to be applied for the purpose of the payment of the outgoings
and expenses referred to in subsection (4)(a).
(4) The Commission is
to —
(a)
withdraw from the Racing Bets Levy Account, at monthly intervals, a sum
approved by the Minister for outgoings and expenses incurred by the Commission
in administering the Account; and
(b) pay
or credit, at prescribed intervals, the balance of that Account in accordance
with this section.
(5) The balance of the
Racing Bets Levy Account is to be paid or credited to RWWA or paid or credited
by the Commission, in such amounts as it determines, to the
following —
(a)
thoroughbred racing clubs registered with RWWA;
(b)
harness racing clubs registered with RWWA;
(c)
greyhound racing clubs registered with RWWA.
[Section 110B inserted by No. 29 of 2009
s. 20.]