The Racing Legislation Amendment (Bookmakers) Act 2002 was recently enacted by the NSW Parliament, and Section 14A has been added to the Thoroughbred Racing Board Act 1996.
The new section permits the forming of a proprietary company for the purpose of applying for a licence as a bookmaker - in this case to be known as a Bookmaker Company.
The Act describes the permitted company structure, and conditions under which the business may operate.
Other conditions of licence and Racing Rules are attached to the Bookmaker Company licence when issued by Racing NSW.
In short, company directors must be first licensed as an individual bookmaker, and shareholders must be close family members of a director.
Once licensed as a Bookmaker Company, directors are restricted to Company operations only, and cannot operate their individual bookmaker's licence during the term of the Company licence.
You can download the forms to apply for a Bookmaker Company License, or for accreditation as a shareholder in a Bookmaker Company from the links below. Completed forms should be returned to Racing NSW.
Application for Bookmaker Company License
Application for Accreditation as a Shareholder in a Bookmaker Company