sec.319Definitions for div 1

sec.319 Definitions for div 1

In this division— commencement day means the day on which the provision in which the term is used commences. existing Act means the Racing and Betting Act 1980 as in force from time to time before the commencement day. initial licence see section 318. initial operator means— if, on the commencement day, the wagering licensee under the initial licence does not enter into a wagering management agreement with the Minister’s approval—the wagering licensee; or if, on the commencement day, the wagering licensee under the initial licence enters into a wagering management agreement with the Minister’s approval—the wagering manager appointed under the agreement. TAB agency agreement means a contract, agreement or arrangement made under the existing Act under which the TAB appointed a person as its agent for the exercise of its powers or performance of its functions. TAB’s control system means the system of internal controls and administrative and accounting procedures used, immediately before the commencement day, by the TAB for the conduct of wagering by totalisators. s 319 amd 1999 No. 38 s 89 ; 2004 No. 21 s 123 sch

• (a) if, on the commencement day, the wagering licensee under the initial licence does not enter into a wagering management agreement with the Minister’s approval—the wagering licensee; or
• (b) if, on the commencement day, the wagering licensee under the initial licence enters into a wagering management agreement with the Minister’s approval—the wagering manager appointed under the agreement.