VICIn ForceRegulation
Gambling Regulations 2015
41Determining the sum of amounts for net cash balance and revenue
Start here
Get a plain-English read of 41
Turn the raw legal text into a practical explanation grounded in Gambling Regulations 2015.
41 Determining the sum of amounts for net cash balance and revenue
(1) For the purposes of paragraph (b) of the definition of ***daily net cash balance*** in section 3.6.2 of the Act, the amount to be deducted from the total amount wagered in relation to a gaming machine for payment to a jackpot special prize pool is determined, in the case of a gaming machine of a venue operator of an approved venue, by multiplying the total amount wagered by not more than 0·04 as determined by the Commission from time to time.
(2) For the purposes of paragraph (b) of the definition of ***revenue*** in sections 3.6.6A(8) and 3.6.6B(8) of the Act, the amount to be deducted from the total amount earned from bets in relation to a gaming machine for payment to a jackpot special prize pool is determined, in the case of a gaming machine of a venue operator of an approved venue, by multiplying the total amount bet by not more than 0·04 as determined by the Commission from time to time.