On 19/06/2013,
you requested for the version in force on 19/06/2013
incorporating all amendments published on or before 19/06/2013.
The closest version currently available is that of 31/07/2012.
12.
—(1) It shall be the duty of the Board and any totalisator agency operating a totalisator to pay out by way of dividend all moneys received from investments on the totalisator after deducting —
(a)
the amount of any duty charged under the Betting and Sweepstake Duties Act (Cap. 22); and
(b)
the amount of any commission prescribed, or determined in any manner prescribed, in any regulations made under section 21.
[14/2005; 12/2008]
(2) It shall not be necessary to pay out fractions of a dollar.
(3) Any investment on any horse which is scratched or otherwise withdrawn in accordance with the rules issued, approved or modified under section 4(1)(f) shall be refunded without deduction of such duty and commission mentioned in subsection (1).
[4/97; 12/2008]