Section 141 of the Principal Act is amended as follows:

(a) by omitting from subsection (1) "A" and substituting "Subject to subsection (1A) , a" ;

(b) by inserting the following subsections after subsection (1) :

(1A)  A betting exchange operator may, with the written approval of the Commission, keep all or any of the records relating to the conduct of brokered wagering by the operator at a place other than the approved location of the operator.

(1B)  The Commission's approval under subsection (1A) may be granted with or without conditions.

(1C)  A betting exchange operator that, pursuant to an approval under subsection (1A) , keeps a record relating to the conduct of brokered wagering by the operator at a place other than the approved location of the operator must –

(a) ensure that that record can be accessed from the approved location of the operator; and

(b) at the written request of the Commission, produce that record to the Commission within such time as the Commission, by the request, specifies; and

(c) comply with the conditions, if any, of the approval.

Penalty:  Fine not exceeding 100 penalty units and, in the case of a continuing offence, a further fine not exceeding 10 penalty units for each day during which the offence continues.