On 24/05/2013,
you requested for the version in force on 24/05/2013
incorporating all amendments published on or before 24/05/2013.
The closest version currently available is that of 30/03/1999.
3. Section 4 of the principal Act is repealed and the following section substituted therefor:
4.
—(1) The promoter of any betting or sweepstake referred to in section 2 or 2A shall —
(a)
keep such books of accounts in respect of such betting or sweepstake as may be prescribed and shall enter in these books true and regular accounts of all moneys received by the promoter in respect of the betting or sweepstake and all costs, charges and expenses incurred by the promoter in promoting the betting or sweepstake;
(b)
draw up a statement showing the following:
(i)
the amount of stakes on all bets received in respect of each horse race, football game or sporting event, or other contingency in other forms of betting;
(ii)
in the case of a sweepstake, the amount contributed to each sweepstake;
(iii)
the amount of goods and services tax charged on the supply of the betting or sweepstake transaction; and
(iv)
where the promoter has received or negotiated bets at fixed odds on any football game or sporting event, the value in money of the winnings paid by or on behalf of the promoter on the results of the game or sporting event; and
(c)
pay to the Commissioner of Stamp Duties the amount of duty so chargeable in respect of the betting or sweepstake in Singapore dollar.
(2) The statement referred to in subsection (1)(b) shall be delivered and the duty so chargeable shall be paid to the Commissioner of Stamp Duties —
(a)
in the case of bets made on any totalisator or pari-mutuel, or in any other system or method of cash or credit betting held, promoted, organised, administered or operated by any racing club or association referred to in section 2(1), within 15 days, or such further period as the Commissioner may allow under subsection (3), after the last day of the race meeting at which the bets were made;
(b)
in the case of any sweepstake referred to in section 2(2), within 15 days, or such further period as the Commissioner may allow under subsection (3), after the date on which the winners in that sweepstake are ascertained; or
(c)
in the case of any betting referred to in section 2A, within 15 days, or such further period as the Commissioner may allow under subsection (3), after the date the football game or sporting event in respect of which the bet is made takes place.
(3) The Commissioner of Stamp Duties may in any case or class of cases, as he thinks fit, extend the time within which the statement under subsection (1) (b) and the duty chargeable shall be delivered and paid to the Commissioner.
(4) For the purposes of this Act, “promoter”, in relation to any racing club or association, means the secretary of the racing club or association which has promoted any totalisator, pari-mutuel or any other system or method of cash or credit betting or sweepstake.”.