18 Proportion of tax paid in respect of totalizator on non-racing events to be paid into Sport and Recreation Fund
(1) This section applies to betting by means of a totalizator on any sporting event.(2) An amount equivalent to a proportion of the betting tax paid under this Act in respect of betting to which this section applies is to be paid into the Sport and Recreation Fund established under the Public Lotteries Act 1996.(3) The proportion to be deducted is the proportion fixed by the Treasurer by order made after consultation with the Minister administering the provision of the Public Lotteries Act 1996 under which the Sport and Recreation Fund is established.(4) Amounts required to be paid into the Sport and Recreation Fund under this section are to be paid from the Consolidated Fund, which is appropriated accordingly.
Proceedings for an offence under this Act or the regulations are to be dealt with summarily by the Local Court.
(1) The Governor may make regulations, not inconsistent with this Act, for or with respect to any matter that by this Act is required or permitted to be prescribed or that is necessary or convenient to be prescribed for carrying out or giving effect to this Act.(2) The regulations may create offences with a maximum penalty not exceeding 50 penalty units.
(1) The Minister is to review this Act to determine whether the policy objectives of the Act remain valid and whether the terms of the Act remain appropriate for securing those objectives.(2) The review is to be undertaken as soon as possible after the period of 5 years from the date of assent to this Act.(3) A report on the outcome of the review is to be tabled in each House of Parliament within 12 months after the end of the period of 5 years.
The following laws are repealed:(a) the Bookmakers (Taxation) Act 1917,(b) the Bookmakers (Taxation) Amendment Act 1991,(c) the Bookmakers (Taxation) Regulation 1996,(d) the Racing Taxation (Betting Tax) Act 1952,(e) the Racing Taxation (Betting Tax) Amendment Act 2000.
24 Savings and transitional provisions
Schedule 4 has effect.