Singapore legislation
Clause 11
Clause 11
Approval of totalisator agency scheme
(1)
The Board shall submit to the Minister for his approval a scheme for the establishment and operation of totalisators and totalisator agencies in respect of race meetings.
(2)
Any scheme under this section may provide for —
the administration of the scheme, and for the establishment, maintenance and operation of totalisators and totalisator agencies and for the carrying out of the functions of the Board under the scheme;
the receiving at totalisators and totalisator agencies of totalisator investments in respect of horse races, the credit facilities in respect of such investments, the manner in which such investments may be made and the times at which the conditions upon or subject to which such investments may be made and received;
the payment at or from totalisators and totalisator agencies of dividends payable in respect of totalisator investments received and the times at which and the manner in which such dividends may be paid;
the method of calculation of the dividends payable as aforesaid out of moneys received as totalisator investments;
the method of accounting as between the Board, turf club and totalisator agencies in respect of investments, dividends and commission; or
such other matters as may be necessary for the proper operations and control of totalisators and totalisator agencies, or for the operation of the scheme.
(3)
The Board may from time to time submit to the Minister for his approval any variation of any scheme or any part thereof for the time being in force under this section, or any new scheme in substitution for any such scheme as aforesaid.
(4)
No scheme or any part thereof, and no variation of any such scheme or part thereof, shall come into force until approved in writing by the Minister.
(5)
Every approved scheme and any variation thereof shall be published in the Gazette.
(6)
The Minister may by order notified in the Gazette suspend or revoke any approved scheme or variation of any approved scheme, or any part thereof, and any such suspension or revocation shall have the effect of a repeal of such scheme or part thereof, as the case may be.