Racing and Wagering Western Australia Act 2003
Part 7Financial provisions
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Part 7 — Financial provisions
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Bank account 63
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Investment 63
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Reserve accounts 63
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Payment of outgoings and expenses 64
Division 2 — Loans and grants
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RWWA may lend or grant money to racing clubs and allied bodies 64
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Terms and conditions of loan 65
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Failure to comply with terms and conditions 65
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Application and security for loan or grant 66
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Club or allied body may make representations to board 66
Division 3 — Borrowing
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Borrowing 66
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Borrowing restrictions 67
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Hedging transactions 68
Division 4 — Guarantees
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Guarantees 68
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Charges for guarantee 69
Division 5 — Financial provisions in relation to wagering
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Supplementary pool schemes 69
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Unclaimed dividends, fixed odds winnings and refunds 70
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Allocation of RWWA’s funds after 31 July 2006 71
107A. Distribution of funds from the racing bets levy 72
107B. Allocation and distribution of proportion of funds from betting tax 72