NSWIn ForceAct
Totalizator Act 1997
69Commission on totalizator betting
Start here
Get a plain-English read of 69
Turn the raw legal text into a practical explanation grounded in Totalizator Act 1997.
#### 69 Commission on totalizator betting
69 Commission on totalizator betting
> > (1) A licensee may deduct, or cause to be deducted, as commission out of the total amount invested in each totalizator conducted by the licensee on one or more events or contingencies, an amount not exceeding the amount prescribed by the rules in respect of a totalizator of that class or description.
>
> > (2) An amount prescribed by the rules for the purposes of subsection (1) must be expressed as a percentage of the total amount invested in the class or description of totalizator concerned, and must not exceed 25% of the total amount invested.
>
> **s 69:** Subst 2008 No 9, Sch 1 \[4\].