In these regulations –

Act means the Racing Regulation Act 2004 ;

city area means –

(a) the area within a radius of 12 kilometres of the general post office at Hobart; or

(b) the area within a radius of 12 kilometres from the principal post office at Launceston;

commission means the monthly commission that a registered bookmaker is required to pay to the Director under section 83 of the Act;

GST has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth;

guarantor , in relation to a registration bond, means the person who, on applying for registration as a bookmaker or for a telephone betting endorsement, gave the Director the registration bond;

registration bond means a bond of indemnity or other form of security given under section 59 or 74 of the Act;

security amount means the amount of the cash, money on fixed deposit, bond, guarantee, government security or other kind of security comprising a registration bond;

surety means a person who goes surety for a guarantor in respect of a registration bond.