164Payment of commission to Tasracing

164 Payment of commission to Tasracing

(1)  Subject to section 166 , a registered bookmaker must, in respect of each month, pay to Tasracing an amount by way of commission equal to the sum of –

(a) an amount equal to 0·5% of all money paid or payable in respect of all bets, other than bets in relation to racing, placed with the bookmaker during that month in relation to amounts bet by persons betting in Australia or New Zealand; and

(b) an amount equal to 0·25% of all money paid or payable in respect of all bets, other than bets in relation to racing, placed with the bookmaker during that month in relation to amounts bet by persons betting outside Australia and New Zealand.

(2)  A registered bookmaker must pay the commission payable under subsection (1) in relation to a month not later than 7 days after the end of that month.

(3)  The omission of a bet that should have been included in a record under section 160 or a return under section 162 does not relieve the registered bookmaker of liability to pay commission in respect of that bet.

(4)  If a registered bookmaker fails to pay the whole or any part of the commission that the bookmaker is required to pay under this section, the amount of the unpaid commission may be recovered from the bookmaker as a debt due to Tasracing.

(5)  For the avoidance of doubt, a reference in this section to the bets placed with a registered bookmaker is taken to include the bets, if any, placed with registered agents of the bookmaker.