8Settlement of betting debts if bookmaker suspended, &c.

8 Settlement of betting debts if bookmaker suspended, &c.

A person whose registration as a bookmaker is suspended or cancelled must, within the 7-day period immediately following the day on which the cancellation or suspension takes effect, pay, in accordance with the directions, if any, given to the person by Tasracing for the purpose, all of the outstanding betting debts incurred by or on behalf of the person as a bookmaker.

Penalty:  Fine not exceeding 25 penalty units and, in the case of a continuing offence, a further fine not exceeding 2.5 penalty units for each day during which the offence continues.