8Fees for approvals—the Act, s 33A

8 Fees for approvals—the Act, s 33A

8 Fees for approvals—the Act, s 33A

(1) For the Act, section 33A(2)(a), a relevant racing control body may impose a condition for an approval holder to pay the following fees—

(a) a fee to cover the cost of assessing the approval application,

(b) a fee for the use of NSW race field information—

(i) in Australia in the course of providing a betting service, or

(ii) for a commercial purpose, other than in the course of providing a betting service.

(2) A fee imposed for the use of NSW race field information in the course of providing a betting service—

(a) must not exceed 4% of the approval holder’s wagering turnover if the holder’s wagering turnover is from wagers laid by the holder—

(i) at totalizator derived odds, and

(ii) at races to which the approval relates, and

(b) if the holder’s wagering turnover is not from wagers laid by the holder at totalizator odds—

(i) must not exceed 3% of the holder’s wagering turnover for a race to which the approval relates at a race meeting where the total value of all prizes for at least 1 race is $1,000,000 or more, and

(ii) must not exceed 2.5% of the holder’s wagering turnover for any other race to which the approval relates, and

(c) must include GST.

(3) In this section—

GST has the same meaning as in the A New Tax System (Goods and Services) Tax Act 1999 of the Commonwealth.

totalizator derived odds means odds derived from or contingent on totalizator odds, but does not include totalizator odds.

totalizator odds means odds dependent on the outcome of a totalizator.