Wagering Act 1998 (Qld)

Wagering Act 1998

An Act about wagering and for other purposes

Part 1 Preliminary

1 Short title This Act may be cited as the Wagering Act 1998.

2 Commencement This Act commences on a day to be fixed by proclamation.

2A Object (1) The object of this Act is to ensure that, on balance, the State and the community as a whole benefit from wagering. (2) The balance is achieved by allowing wagering subject to a system of regulation and control designed to protect players and the community through— (a) ensuring the integrity and fairness of games; and (b) ensuring the probity of those involved in the conduct of wagering; and (c) minimising the potential for harm from wagering.

Part 2 Interpretation

Division 1 Definitions

3 Definitions The dictionary in schedule 2 defines particular words used in this Act.

Division 2 Basic concepts

4 Meaning of exclusivity period (1) The exclusivity period, for a race wagering licence, is the period starting on 1 July 2014 and ending— (a) 30 years after 1 July 2014; or (b) if, within the period of 30 years after 1 July 2014, a race wagering licence held by UBET or a UBET subsidiary is cancelled, surrendered or ceases to have effect for another reason (other than suspension)—on the day the licence is cancelled, surrendered or otherwise ceases to have effect. (2) The exclusivity period, for a sports wagering licence, is the period starting on 1 July 2014 and ending— (a) 30 years after 1 July 2014; or (b) if, within the period of 30 years after 1 July 2014, a sports wagering licence held by UBET or a UBET subsidiary is cancelled, surrendered or ceases to have effect for another reason (other than suspension)—on the day the licence is cancelled, surrendered or otherwise ceases to have effect.