sec.137Commission to ensure racing bookmaker has accepted insurance policy or bond

sec.137 Commission to ensure racing bookmaker has accepted insurance policy or bond

The commission must not license a person as a racing bookmaker, or renew a racing bookmaker’s licence, unless the person or racing bookmaker has an accepted insurance policy or bond. Maximum penalty—100 penalty units. If a racing bookmaker does not have an accepted insurance policy or bond, the commission must immediately suspend the racing bookmaker’s licence until it is reasonably satisfied the racing bookmaker has an accepted insurance policy or bond. The commission may make enquiries, and do other acts, as it reasonably believes necessary to find out if a racing bookmaker has an accepted insurance policy or bond. (sec.137-ssec.1) The commission must not license a person as a racing bookmaker, or renew a racing bookmaker’s licence, unless the person or racing bookmaker has an accepted insurance policy or bond. Maximum penalty—100 penalty units. (sec.137-ssec.2) If a racing bookmaker does not have an accepted insurance policy or bond, the commission must immediately suspend the racing bookmaker’s licence until it is reasonably satisfied the racing bookmaker has an accepted insurance policy or bond. (sec.137-ssec.3) The commission may make enquiries, and do other acts, as it reasonably believes necessary to find out if a racing bookmaker has an accepted insurance policy or bond.