sec.196Working out net UBET product fee for the year of commencement

### sec.196 Working out net UBET product fee for the year of commencement This section applies for the purposes of the application of section 12 for the commencement year. For the purposes of working out the net UBET product fee under section 12 in relation to a control body for the commencement year— the amounts to be subtracted from the product fee paid to the control body for the commencement year are also to include amounts paid in the year but before the commencement by the control body to an accredited facility; and prize money for non-UBET thoroughbred races conducted during the commencement year by non-UBET thoroughbred clubs includes amounts paid as prize money for non-TABQ thoroughbred races conducted in that year by non-TABQ thoroughbred clubs under the pre-amended Act. In this section— accredited facility means a facility that was an accredited facility before the commencement. commencement year means the financial year in which this section commenced. net UBET product fee , for the commencement year, includes any amount received by the board in the nature of a product fee even if it was identified as a UNiTAB product fee or otherwise. s 196 prev s 196 amd 2012 No. 42 s 56 om 2016 No. 12 s 363 pres s 196 ins 2016 No. 12 s 387 (sec.196-ssec.1) This section applies for the purposes of the application of section 12 for the commencement year. (sec.196-ssec.2) For the purposes of working out the net UBET product fee under section 12 in relation to a control body for the commencement year— the amounts to be subtracted from the product fee paid to the control body for the commencement year are also to include amounts paid in the year but before the commencement by the control body to an accredited facility; and prize money for non-UBET thoroughbred races conducted during the commencement year by non-UBET thoroughbred clubs includes amounts paid as prize money for non-TABQ thoroughbred races conducted in that year by non-TABQ thoroughbred clubs under the pre-amended Act. (sec.196-ssec.3) In this section— accredited facility means a facility that was an accredited facility before the commencement. commencement year means the financial year in which this section commenced. net UBET product fee , for the commencement year, includes any amount received by the board in the nature of a product fee even if it was identified as a UNiTAB product fee or otherwise. - (a) the amounts to be subtracted from the product fee paid to the control body for the commencement year are also to include amounts paid in the year but before the commencement by the control body to an accredited facility; and - (b) prize money for non-UBET thoroughbred races conducted during the commencement year by non-UBET thoroughbred clubs includes amounts paid as prize money for non-TABQ thoroughbred races conducted in that year by non-TABQ thoroughbred clubs under the pre-amended Act.