I move amendment No. 23:
In page 19, before section 33, to insert the following new section:
"33.—(1) A person shall not determine or disseminate the starting price on any horse race at a race-fixture at an authorised racecourse save under and in accordance with a starting price licence.
(2) The Authority shall, subject to this section, grant a starting price licence, subject to such conditions or restrictions as it sees fit, to a person who is acceptable to it and is nominated by the executive of an authorised racecourse or a body representing authorised racecourses to determine and disseminate the starting price in respect of horse races—
(a) in the case of a nomination by the executive of an authorised racecourse, at race-fixtures at its racecourse, or
(b) in the case of a nomination by a body representing authorised racecourses, at race-fixtures at any or all racecourses which that body represents.
(3) It shall be a condition of a starting price licence that the person who makes the nomination under subsection (2) shall not have any involvement in the determination or dissemination of the starting price or any property rights in relation to the starting price to which the licence relates.
(4) In the absence of a nomination acceptable to the Authority under subsection (2), the Authority may grant to another person a starting price licence, subject to such conditions or restrictions as it sees fit, to determine and disseminate the starting price in respect of horse races at race-fixtures at any racecourse specified in the licence in respect of which a starting price licence has not been granted under subsection (2).
(5) There shall not be more than one starting price determined for the purposes of dissemination in respect of any particular horse in any horse race at a race-fixture.
(6) The Authority may, in order to protect the integrity of the starting price return—
(a) restrict who may be granted a starting price licence, or
(b) limit the number of starting price licences.
(7) A starting price licence shall be in force for such period as the Authority may decide and in order to protect the integrity of the starting price return different licences may be in force for different periods.
(8) The Authority may, in order to protect the integrity of the starting price return, revoke or suspend for such period as it thinks fit a starting price licence.".
Amendments Nos. 23 and 24 on the principal list of amendments are being replaced now by one single amendment, amendment No. 23 on the current list.
The starting price return is the return made by a person at a race fixture which has examined the generality of the odds available to punters at the track and from the on-course bookmakers. This person takes into account what level of bets is being placed with the different bookmakers at the particular odds and then calculates what he assesses to be the odds which are typically available to punters at the track on each horse at each race at the off. These odds are then used by bookmakers on the high street for paying bets. It is obviously critical to the off-course betting scene that the integrity of the starting price return is maintained. The system for returning the starting price for the past few years has been the subject of a contract between the people calculating the starting prices and the Association of Irish Racecourses. A situation has developed in recent years where two contracts existed and, therefore, for certain events there were two starting prices which, obviously, led to confusion. It does not protect the integrity of the starting price return and could have serious consequences for off-course betting on Irish horse racing.
In the section as published it was not our intention to alter the current regime in any way other than to ensure that as soon as possible there is no more than one starting price disseminated in respect of any race, that the situation whereby two starting prices were being disseminated is not allowed to recur and that the job continues to be carried out by independent and reputable people. The section did not refer to any association representing racecourses and hence gave the impression that it was intended to allow up to 26 licences, one for each racecourse. It was not envisaged that it would work out like this in practice. The proposed amendment clarifies the intention considerably. It is envisaged that the licence will be issued to an independent and reputable organisation but this will be done on the nomination of the association representing racecourses. A provision is included to allow individual racecourses to nominate a body. It is not anticipated that this will be used except in the exceptional circumstances where the association was not able to continue to represent all racecourses.
There will now be a specific requirement, by the insertion of a new subsection (5), that there will be no more than one starting price returned for any particular horse in any race. The definition of "starting price" in the old subsection (6) is also being deleted as, by its nature, the phrase does not lend itself to definition in precise terms suitable for legal terminology and those involved in that aspect of the industry are very familiar with the term and its meaning in practice.