160Bookmakers must keep betting records

160 Bookmakers must keep betting records

(1)  A registered bookmaker must keep, in the form and manner required by Tasracing, a record of all bets accepted by the bookmaker.

Penalty:  In the case of –

(a) a first offence, a fine not exceeding 20 penalty units; and

(b) a subsequent offence, a fine not exceeding 40 penalty units.

(2)  A bet that is accepted under section 137(4)(a)(i) on the outcome of more than one race is taken, for the purposes of a record under subsection (1) , to relate only to the club on the racecourse where the first of those races is held.

(3)  A bet that is accepted under section 137(4)(a)(ii) on the sporting contingency of more than one approved sports event is taken, for the purposes of a record under subsection (1) , to relate only to the club on the racecourse where bets are accepted on the first of those approved sports events.

(4)  If a bet is accepted in respect of a race or approved sports event that is abandoned, or if the competent authority has declared a bet off, the bet need not be included in a record under this section.

(5)  Except as may be provided by the conditions of an on-course telephone betting endorsement or an off-course telephone betting endorsement, it is not necessary to include in a record under this section the name of the person who places a bet.