Betting and Sweepstake Duties (Amendment) Bill

A duty shall be charged in respect of any betting on a totalisator, pari-mutuel or in any other system or method of cash or credit betting held, promoted, organised, administered or operated by an exempt organisation specified by order in the Gazette by the Minister. (2) A duty shall be charged on every sweepstake promoted by an exempt organisation specified by order in the Gazette by the Minister on the result of a horse race or other race whether the race takes place in Singapore or elsewhere.(3) The Minister may, by order in the Gazette, prescribe the rate of any duty charged under this section or section 4 (including the basis to which the rate shall apply), and may prescribe different rates and bases of duty for different classes of betting or sweepstakes.”.

by inserting, immediately after the words “exempt organisation” in subsection (1), the words “specified by order in the Gazette by the Minister”;

by deleting subsections (2), (3), (4) and (5); and

by renumbering subsection (6) as subsection (2).

by deleting the word “and” at the end of sub-paragraph (iii) of subsection (1)(b);

by inserting, immediately after sub-paragraph (iv) of subsection (1)(b), the following sub-paragraph:“(v)such other particulars as the Minister may, by order in the Gazette, prescribe; and”; and

by deleting subsection (2) and substituting the following subsection:“(2) The Minister may, by order in the Gazette, prescribe the time within which a statement referred to in subsection (1)(b) shall be delivered and the duty so chargeable shall be paid to the Commissioner.”.

by deleting the words “racing club or association exempted under section 22 of the Betting Act (Cap. 21) from the provisions of that Act” in the 3rd and 4th lines and substituting the words “exempt organisation specified by order under section 3(2)”; and

by deleting the words “racing club or association” in the last line and substituting the words “exempt organisation”.

The Commissioner may, in his discretion, compound —

an offence under section 10(1) by collecting from a person reasonably suspected of having committed the offence a sum not exceeding $250; or

an offence under section 10(2) by collecting from a person reasonably suspected of having committed the offence a sum not exceeding double the amount of duty payable or $5,000, whichever is less.(2) On payment of such sum of money, no further proceedings shall be taken against that person in respect of the offence.(3) All sums collected under this section shall be paid into the Consolidated Fund.”.

by inserting, immediately after section 9A, the following section:“Power to borrow9B.—

The Board may, from time to time, for the purposes of this Act, raise loans from the Government or, with the approval of the Minister, raise loans within or outside Singapore from such source as the Minister may direct by —

mortgage, overdraft or other means, with or without security;

charge, whether legal or equitable, on any property vested in the Board or on any other revenue receivable by the Board under this Act or any other written law; or

the creation and issue of debentures, bonds or any other instrument as the Minister may approve.(2) For the purposes of this section, the power to raise loans shall include the power to make any financial agreement whereby credit facilities are granted to the Board for the purchase of goods or services.”; and

by deleting paragraph (b) of section 12(1) and substituting the following paragraph:“(b)the amount of any commission prescribed, or determined in any manner prescribed, in any regulations made under section 21.”.