Western Australian Consolidated Acts

RACING AND WAGERING WESTERN AUSTRALIA ACT 2003 - SECT 107

107 .         Allocation of RWWA’s funds in respect of sporting events

        (1)         RWWA must pay from the moneys received by RWWA in respect of totalisator and fixed odds wagering on sporting events —

            (a)         all moneys payable by way of dividends, winnings and refunds in respect of wagers on sporting events made through or with RWWA; and

            (b)         the amount of wagering tax payable under section 102 in respect of wagers made on sporting events,

                and pay 25%, or such other percentage as may be prescribed, of the balance to the Sports Wagering Account under section 110A of the Gaming and Wagering Commission Act 1987 .

        (2)         Any funds remaining after the payments referred to in subsection (1) must be dealt with under section 105 or 106, as the case requires.

        [Section 107 amended by No. 35 of 2003 s. 174(2); No. 2 of 2007 s. 5.]