81HCasino operator to make betting rules

81H Casino operator to make betting rules (1) Subject to this Act, the regulations and any condition of the casino licence, a casino operator must make betting rules in relation to— (a) totalisators for approved betting competitions; and (b) betting in approved betting competitions at fixed odds; and (c) such other matters as are necessary for the proper carrying on of a business of conducting approved betting competitions. (2) Rules under subsection (1) may, without limiting subsection (1)(c), include provisions relating to— (a) placing of bets, including minimum bets; (b) odds; (c) dividends or prizes, including minimum dividends or prizes, calculation of dividends or prizes, payment of dividends or prizes and unclaimed dividends or prizes; (d) refunds; (e) jackpots; (f) determination of disputes; (g) display of information. S. 81H(3) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 99). (3) Rules under subsection (1) must specify the day on which they are made and the day on which they come into operation, being a day at least 4 weeks after the day on which they are made or such earlier day (not being earlier than the day of making) approved in writing by the Commission. (4) The betting rules may confer a discretionary authority or impose a duty on a specified person or class of persons. (5) The casino operator must comply with the prescribed requirements relating to the making of betting rules. S. 81H(6) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 99). (6) The casino operator must give a copy of rules made under this section to the Commission forthwith after they are made. S. 81H(7) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 99). (7) The Commission may at any time, by notice in writing given to the licensee, disallow a betting rule as from a day specified in the notice, being not earlier than 3 days after the notice is given to the licensee, if the Commission is satisfied that the rule is unfair to investors, unreasonable or contrary to the public interest. S. 81H(8) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 99). (8) If, before a betting rule is made, the Commission consents in writing to the making of the rule in a specified form, the Commission must not disallow the rule within the period of 6 months after it is made. (9) The betting rules, as in force when the bet is made, form part of the contract between the casino operator and the investor. S. 81I inserted by No. 36/1994 s. 18.