sec.163Commission

sec.163 Commission

An authority operator may deduct, or cause to be deducted, as commission, out of the total amount invested in each totalisator conducted by the authority operator on 1 or more events or contingencies, an amount that is not more than the amount calculated under a regulation. Without limiting the Statutory Instruments Act 1992 , section 25 , a regulation under subsection (1) may apply differently for different events or contingencies. An authority operator must not, under subsection (1) , deduct, or cause to be deducted, for a financial year, out of the total amount invested in the year in totalisators conducted by the authority operator on events or contingencies, an amount that is more than the amount calculated under a regulation. s 163 amd 1999 No. 38 s 77 (sec.163-ssec.1) An authority operator may deduct, or cause to be deducted, as commission, out of the total amount invested in each totalisator conducted by the authority operator on 1 or more events or contingencies, an amount that is not more than the amount calculated under a regulation. (sec.163-ssec.1A) Without limiting the Statutory Instruments Act 1992 , section 25 , a regulation under subsection (1) may apply differently for different events or contingencies. (sec.163-ssec.2) An authority operator must not, under subsection (1) , deduct, or cause to be deducted, for a financial year, out of the total amount invested in the year in totalisators conducted by the authority operator on events or contingencies, an amount that is more than the amount calculated under a regulation.