Prescribed information requirements
In addition to the levy,
betting operators must supply prescribed information on betting
transactions conducted on WA races to the Gaming and Wagering
Commission. Prescribed information includes information in documents,
records or accounts relating to racing bets placed with or placed or
accepted through, a betting operator.
Betting operators must
co-operate with the Chief Steward of RWWA and authorised officers of the
Gaming and Wagering Commission by allowing them to:
- view any document, record or accounts of the operator containing prescribed information;
- provide them with a copy of any document, record or accounts containing the prescribed information; and
- where possible, provide real time access to betting systems.
Failure to comply may result in a breach of the Betting Control Act 1954.
This information is required in order to:
- evaluate Western Australian racing programs;
- assess the profitability and revenue generation of specific race types;
- maximise revenue returns and distribution back to the racing industry; and
- detect any abnormal wagering activity and thus protect the integrity and reputation of the WA racing industry.
information received by the Gaming and Wagering Commission for the
above purposes, is provided in a summary or statistical format to RWWA
and does not directly associate the betting operator with the data.