6Calculation of totalizator wagering dividends

6 Calculation of totalizator wagering dividends

(1)  In this regulation –

totalizator rules means the rules that a totalizator operator has in place in respect of a totalizator as required under section 76XA of the Act.

(2)  A totalizator operator in calculating the amount payable as a totalizator wagering dividend is to –

(a) disregard a fraction of 10 cents that is less than 5 cents; and

(b) take a fraction of 10 cents that is equal to or greater than 5 cents to be exactly 5 cents –

except where the relevant totalizator rules provide otherwise.