1983 Ed.]
Betting Duty Regulations
[CAP. 108
A 1
[Subsidiary]
BETTING DUTY REGULATIONS
(Cap. 108, section 7)
[29 August 1975]
L.N. 204 of 1975.
31 of 1981.
1. These regulations may be cited as the Betting Duty Regulations.
Citation.
2. In these regulations, unless the context otherwise requires
Interpretation.
"Board" means the Hong Kong Lotteries Board established under section 4A of the Ordinance;
"cash-sweep" means any cash-sweep conducted by a club with the permission of the Chief Secretary under section 2 of the Ordinance;
"Collector" means the Collector of Stamp Revenue;
"lottery" means any lottery conducted by the Board under a licence granted under section 4D of the Ordinance;
"totalizator" and "pari-mutuel" means any totalizator or pari-mutuel conducted by a club with the permission of the Chief Secretary under section 3 of the Ordinance.
3. (1) The secretary of every club conducting a cash-sweep, a totalizator or pari-mutuel in the Colony shall draw up for the Collector a statement showing--
(a) the number of tickets sold and the amounts received in respect of the totalizator or pari-mutuel betting on each race;
(b) the number and value of cash-sweep tickets sold;
(c) the number and value of cash-sweep chances allocated otherwise than by ticket in respect of each race.
(2) In the case of cash-sweeps conducted by a club organizing the race in respect of which the cash-sweep is held and in the case of bets on any totalizator or pari-mutuel, the statement shall be drawn up and delivered within 15 days after the day on which the race is held.
(3) In all other cases the statement shall be drawn up and delivered within 3 days after the day on which the race is held and before any money is distributed among the contributors or subscribers.
(4) The duty charged under section 6 of the Ordinance on bets or cash-sweeps shall be paid to the Collector in such manner as may be agreed between the club conducting such betting or cash-sweeps and the Collector or, in default of such agreement, as may be determined by the Collector.
Collection of betting duty in respect of cash-sweeps, totalizators and pari-mutuels.
31 of 1981, s. 65.
1983 Ed.]
Betting Duty Regulations
[CAP. 108
A 1
[Subsidiary]
BETTING DUTY REGULATIONS
(Cap. 108. section 7)
[29 August 1975.)
L.N. 204 75.
31 of 1981.
1. These regulations may be cited as the Betting Duty Regulations.
Citation.
2. In these regulations, unless the context otherwise requires Interpretation. "Board" means the Hong Kong Lotteries Board established under
section 4A of the Ordinance;
"cash-sweep" means any cash-sweep conducted by a club with the permission of the Chief Secretary under section 2 of the Ordinance:
"Collector" means the Collector of Stamp Revenue;
"lottery" means any lottery conducted by the Board under a licence
granted under section 4D of the Ordinance;
"totalizator" and "pari-mutuel' means any totalizator or pari-mutuel conducted by a club with the permission of the Chief Secretary under section 3 of the Ordinance.
3. (1) The secretary of every club conducting a cash-sweep, a totalizator or pari-mutuel in the Colony shall draw up for the Collector a statement showing--
(a) the number of tickets sold and the amounts received in respect of the totalizator or pari-mutuel betting on each race;
(b) the number and value of cash-sweep tickets sold;
(c) the number and value of cash-sweep chances allocated
otherwise than by ticket in respect of each race.
(2) In the case of cash-sweeps conducted by a club organizing the race in respect of which the cash-sweep is held and in the case of bets on any totalizator or pari-mutuel, the statement shall be drawn up and delivered within 15 days after the day on which the race is held.
(3) In all other cases the statement shall be drawn up and delivered within 3 days after the day on which the race is held and before any money is distributed among the contributors or subscribers.
(4) The duty charged under section 6 of the Ordinance on bets or cash-sweeps shall be paid to the Collector in such manner as may be agreed between the club conducting such betting or cash-sweeps and the Collector or, in default of such agreement, as may be determined by the Collector.
Collection of betting duty in
respect of cash-sweeps. totalizators and pari-mutuels.
31 of 1981, s. 65.
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