23Settlement of bets: rerun races

23 Settlement of bets: rerun races

(1)  If the controlling stewards for a race in Tasmania order that the race be rerun, the bets that were originally made in respect of that race must be settled as those controlling stewards decide.

(2)  For the purposes of subregulation (1) , the controlling stewards may –

(a) if satisfied that sufficient time remains to re-open betting on the race, declare all of the original bets off and order that betting in respect of the race be reopened; or

(b) declare off all bets on a competitor that does not start in the race when it is rerun and order that all other bets be paid subject to any deduction specified by the controlling stewards.

(3)  If an order under subregulation (2)(b) is made, a bookmaker must –

(a) draw a line on the bookmaker's betting records for the race immediately below all bets then recorded in respect of the race; and

(b) settle all bets on that race in accordance with the decision of the controlling stewards.

(4)  If the controlling stewards for a race outside Tasmania order that the race be rerun, the bets accepted by Tasmanian bookmakers in respect of that race must be settled as those controlling stewards decide.