Western Australian Numbered Acts Western Australian Numbered Acts (1) For the purposes
of section 7(2)(b), the amount is the total revenue from pools that the
betting operator received during the period.
(2) For the purposes
of subsection (1), the revenue from a pool for a betting operator is the
amount worked out using the formula —
where —
D is the total amount of dividends, prizes or
winnings paid or payable out of the pool;
T is the total amount of pooled bets in the pool;
R is the total amount of refunds paid in respect
of the pool;
A is the total amount of WA pooled bets placed
with the betting operator in the pool;
W is the total amount of refunds paid in respect
of WA pooled bets placed with the betting operator in the pool.
(3) For the purposes
of section 7(3)(a), the amount is the total of —
(a) all
amounts paid by the betting operator during the period into a pool; and
(b) all
amounts paid by the betting operator during the period to a person who placed
a pooled bet with the betting operator as additional dividends, prizes or
winnings to the dividends, prizes or winnings payable out of a pool.