81LDividends

81L Dividends (1) A casino operator, after the deduction of the operator's commission under section 81I, must pay by way of dividends all money invested in a totalisator conducted by the operator on an approved betting competition. S. 81L(2) amended by No. 114/2003 s. 12.1.2 (Sch. 5 item 100). (2) If no person nominates the winning combination in a totalisator conducted by a casino operator on an approved betting competition, the operator may, unless otherwise directed by the Commission, transfer the money that would have been payable as dividends in that totalisator to be added to the money to form part of the money available for dividends in respect of a subsequent totalisator conducted by the operator on an approved betting competition. (3) If, but for this section, a dividend would include a fraction of 10 cents— (a) if the fraction is less than 5 cents, the casino operator is not required to include the fraction in the dividend; and (b) if the fraction is 5 cents or more, the operator is required to include 5 cents in the dividend. S. 81M inserted by No. 36/1994 s. 18.