sec.140Payment and settlement of bets

sec.140 Payment and settlement of bets

Subsection (2) applies to the payment and settlement of a bet that was lawfully made by and with a racing bookmaker at a licensed venue. A regulation may approve a place for the payment and settlement of the bet. Subsection (4) applies to the payment and settlement of a bet that was lawfully made by and with a racing bookmaker who holds an offcourse approval if an approved telecommunications system for bookmaking was used to make the bet. The offcourse approval may state a place for the payment and settlement of the bet. For the payment and settlement of the bet, that place is not an illegal betting place. s 140 amd 2022 No. 24 s 29 s ch 1 pt 1 (sec.140-ssec.1) Subsection (2) applies to the payment and settlement of a bet that was lawfully made by and with a racing bookmaker at a licensed venue. (sec.140-ssec.2) A regulation may approve a place for the payment and settlement of the bet. (sec.140-ssec.3) Subsection (4) applies to the payment and settlement of a bet that was lawfully made by and with a racing bookmaker who holds an offcourse approval if an approved telecommunications system for bookmaking was used to make the bet. (sec.140-ssec.4) The offcourse approval may state a place for the payment and settlement of the bet. (sec.140-ssec.5) For the payment and settlement of the bet, that place is not an illegal betting place.