136Features of registration

136 Features of registration

(1)  A bookmaker or bookmaker's agent may be registered unconditionally or on such conditions as Tasracing specifies in the certificate of registration issued to the bookmaker or bookmaker's agent.

(2)  Registration as a bookmaker or bookmaker's agent comes into force on the day on which the bookmaker or bookmaker's agent is issued with a certificate of registration and expires on the following 30 June, unless it is expressed to continue in force only until an earlier date, in which case it expires on that earlier date.

(3)  Except as provided by section 138 , registration as a bookmaker or bookmaker's agent is not transferable.

(4)  A bookmaker or bookmaker's agent may, by notice to Tasracing accompanied by the bookmaker or bookmaker's agent certificate of registration, surrender that registration at any time but such registration has no surrender value.