20Conditions of declared betting event authority

20 Conditions of declared betting event authority

20 Conditions of declared betting event authority

(1) A declared betting event authority is subject to the following conditions—

(a) a condition that the licensed bookmaker who holds the authority must not accept or make a bet on a declared betting event unless—

(i) the bet is of a type that is permitted under Division 2 to be made on the declared betting event, and

(ii) accepting or making the bet is not in breach of any rule made under section 18D,

(b) any condition prescribed by the regulations,

(c) any condition imposed by the Minister by notice in writing to the licensed bookmaker who holds the authority.

(2) Without limiting the conditions that may be prescribed or imposed by the Minister, conditions may relate to any of the following—

(a) different requirements for different declared betting events,

(b) minimum bets,

(c) methods of betting, including arrangements for the use of telecommunications equipment,

(d) the giving of security by bankers for long-term bets,

(e) record keeping,

(f) auditing.

s 20: Am 2010 No 132, Sch 1 [2] [9]–[11]. Subst 2014 No 25, Sch 1 [7].