Authorised Betting Operations Regulations 2016 (SA)

South Australia Authorised Betting Operations Regulations 2016 under the Authorised Betting Operations Act 2000

Contents Part 1—Preliminary 1 Short title 3 Interpretation 4 Meaning of fixed‑odds betting Part 2—Licences 6 Renewal of licences under Part 3 Part 3—Betting operations tax 7 Interpretation 7A Meaning of net State wagering revenue 7B Registration of betting operator liable to pay betting operations tax 7C Lodgement of return and payment of tax 7D Information to be included in return Part 4—Miscellaneous 8 Unclaimed winnings on bets made with licensed bookmaker 9 Unclaimed dividends on bets made with licensed racing club 10 Contributions payable under section 62E of Act 11 Prescribed agreements, arrangements or instruments 12 Fee for approval under section 41 of Act Legislative history

Part 1—Preliminary 1—Short title These regulations may be cited as the Authorised Betting Operations Regulations 2016. 3—Interpretation In these regulations— Act means the Authorised Betting Operations Act 2000; GST means the tax payable under the GST law; GST law means— (a) A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth; and (b) the related legislation of the Commonwealth dealing with the imposition of a tax on the supply of goods, services and other things. 4—Meaning of fixed‑odds betting (1) Pursuant to section 91(2)(ab) of the Act, the following forms of betting on races held by licensed racing clubs, or races that are the subject of approved contingencies, are declared to be fixed‑odds betting for the purposes of the Act: (a) the form of betting where a person makes a bet on a race result at starting price odds; (b) the form of betting where a person makes a bet on a race result at best price odds; (c) the form of betting where a person makes a bet on a race result on the basis that the amount payable on a winning bet is the amount that would be payable if the bet had been made as a totalisator bet with— (i) the holder of the major betting operations licence; or (ii) if the holder of the major betting operations licence is not conducting off‑course totalisator betting in respect of the race, the body authorised to conduct off‑course totalisator betting on the race in the jurisdiction in which the race is held, (ignoring any adjustment to the totalisator dividend that would have resulted if the bet had actually been made as a totalisator bet). (2) In this regulation— best price odds means the odds determined— (a) in the case of a race held by a licensed racing club—by the betting price information service in attendance at the race or, in the absence of that service, by the club; or (b) in the case of any other race—by the body holding the race, to be the best price for the race result (the most favourable odds available on the race result at any time); betting price information service means a body holding an approval under section 61(3) of the Act to communicate betting price information for races held by licensed racing clubs; starting price odds means the odds determined— (a) in the case of a race held by a licensed racing club—by the betting price information service in attendance at the race or, in the absence of that service, by the club; or (b) in the case of any other race—by the body holding the race, to be the starting price for the race result (the odds available on the race result immediately before the start of the race).