Pari-Mutuel Betting Supervision Regulations
Version of section 113 from 2017-02-02 to 2024-08-18:
113 (1) For the purpose of this section, an overpayment is the amount of money paid out to the holder of a winning ticket that is in excess of the correct pay-out price, and an underpayment is the amount of money paid out to the holder of a winning ticket that is less than the correct pay-out price.
(2) An association shall not offset an overpayment by an underpayment unless those payments arise from the same cause.
(3) [Repealed, SOR/2017-8, s. 22]
(4) An association shall add all money resulting from an underpayment to a pari-mutuel pool, not later than one year after the day on which the underpayment was incurred.
(5) Where underpayments are added to a pool, they shall be added to the net pool.
- SOR/93-255, s. 3
- SOR/2003-218, s. 35
- SOR/2011-169, s. 62
- SOR/2017-8, s. 22
- Date modified: