Wagering Legislation Amendment Bill 2010 Sample Contracts
Agreement in PrincipleWagering Legislation Amendment Bill 2010 • December 9th, 2010
The main purpose of the Wagering Legislation Amendment Bill 2010 is to facilitate the implementation of a package of initiatives designed to assist the New South Wales racing industry, an industry which generates employment for a significant number of people and makes an important contribution to the State's economy. Separately, the bill will strengthen the legislation as it relates to the provision of wagering services at public venues to ensure consistency with Government wagering policy. Betting services are authorised to be conducted in New South Wales by licensees under the Totalizator Act 1997 and by bookmakers who are required to be licensed by a New South Wales controlling body of racing, namely Racing New South Wales, Harness Racing New South Wales or Greyhound Racing NSW. TAB Limited, a wholly owned subsidiary of Tabcorp Holdings Limited, holds licences for the conduct of off-course and on-course totalizator betting in New South Wales.