Australian Capital Territory Numbered Regulations

RACING (RACE FIELD INFORMATION) REGULATION 2010 (NO 3 OF 2010) - REG 11

    (1)     For the Act, section 61U (3) (a), the annual administration fee payable to the commission is the lesser of—

        (a)     5% of the total amount of the charge that is paid into the fund in the year; and

        (b)     $100 000.

    (2)     For the Act, section 61U (3) (b) and (c), the annual administration fee for a controlling body or ARO is 5% of the amount of the charge that is paid into the fund in the year in relation to races for which the controlling body or ARO has responsibility.

    (3)     However, if 5% of the total amount of the charge that is paid into the fund in the year is more than $100 000, the annual administration fee for a controlling body or ARO is—

    (4)     In this section:

"A" means the charge that is paid into the fund in the year in relation to races for which the controlling body or ARO has responsibility.

"B "means the total amount of the charge that is paid into the fund in the year.

"charge" means the race field information charge.

"fund "means the race field information fund under the Act, section 61U.