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FACT SHEET
RACING REGULATION AMENDMENT (BOOKMAKER
BETTING) BILL 2013
The Racing Regulation Amendment (Bookmaker Betting) Bill 2013 amends
the Racing Regulation Act 2004 to remove both the prohibition of on-course
bookmakers and their agents betting at totalisator odds and the
communication of betting odds from or to a racecourse during a race meeting
or betting-only meeting.
The effect of the proposed amendments will be to remove the inconsistencies
that currently exist between Tasmania and other jurisdictions in respect of
regulatory practices.
The underlying principle behind the legislative changes is to ensure
Tasmanian registered on-course bookmakers are able to compete on a level
playing field with their interstate counterparts, which will assist their ongoing
viability and continuing contribution to the State's racing industry and
economy.
It is proposed the changes will commence on 20 November 2013 to align
with the commencement of Tasmania's premium racing carnival period - the
running of the Newmarket in Launceston on that date.