You will need to make this application to either prescribe a new event or class of event as a 'declared betting event' or permit a new type of bet to be made on an existing declared betting event.
The Minister for Racing has the ability to declare events that licensed betting service providers and TAB Limited are able to accept bets on. This can be any type of event or class of event, including sporting events, but does not include a race or an event related to racing.
Licensed betting service providers and TAB Limited must adhere to rules approved by the Minister when accepting bets on declared betting events. They include general conditions that must be met when offering betting markets, as well as event specific conditions and definitions.