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laws.sgby aturio
In forceAmended2020 Revised Edition
Contents

Part 3 · Totalisators and Totalisator Agencies

15. Calculation of dividend

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Amended

Last amended by an amending law of 2022.

(1)

It is the duty of every 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 gambling duty charged under the Gambling Duties Act 2022; and

(b)

the amount of any commission prescribed, or determined in any manner prescribed, in any regulations made under section 24.

(2)

It is not necessary to pay out fractions of a dollar.

(3)

[Deleted by Act 14 of 2022 wef 01/08/2022]

Report

Read on from s 16

Part 4

Miscellaneous

Read on from Part 4

Schedules