On 26/05/2013,
you requested for the version in force on 26/05/2013
incorporating all amendments published on or before 26/05/2013.
The closest version currently available is that of 01/12/2009.
No. S 586
Betting and Sweepstake Duties Act
Betting and Sweepstake Duties (Amendment) Order 2009
In exercise of the powers conferred by section 3 of the Betting and Sweepstake Duties Act, the Minister for Finance hereby makes the following Order:
1. This Order may be cited as the Betting and Sweepstake Duties (Amendment) Order 2009 and shall come into operation on 1st December 2009.
2. Paragraph 2 of the Betting and Sweepstake Duties Order (O 1) is amended —
(a)
by deleting the word “For” in sub-paragraph (3) and substituting the words “Subject to sub-paragraph (3A), for”; and
(b)
by inserting, immediately after sub-paragraph (3), the following sub-paragraphs:
“(3A) For the purposes of sub-paragraph (2), where a commingling arrangement applies to betting to which that sub-paragraph applies, the gross betting profit of an exempt organisation in relation to any particular horse race shall be the amount that the exempt organisation is entitled to take out as described in sub-paragraph (3B)(c).
(3B) For the purposes of sub-paragraph (3A), a commingling arrangement applies to betting where —
(a)
the exempt organisation and a foreign operator both accept bets based on the same odds in connection with the horse race;
(b)
the bets are made on the totalisator promoted, organised, administered or operated by the exempt organisation or the foreign operator in connection with the horse race;
(c)
the exempt organisation is entitled to take out an agreed percentage of the aggregate amount of such bets received by the exempt organisation in connection with the horse race and the foreign operator is entitled to take out the same percentage of the aggregate amount of such bets received by the foreign operator in connection with the horse race; and
(d)
the remainder of the aggregate value of money received from bets made on the totalisator is paid out as winnings in connection with the horse race.”.
3. Paragraph 5 of the Betting and Sweepstake Duties Order is amended by inserting, immediately after sub-paragraph (b), the following sub-paragraph:
“(ba)
the gross betting profit under paragraph 2(3A);”.
[R1.2.0001.V9; AG/LEG/SL/22/2001/1 Vol. 1]