Levy may be prescribed
4 Levy may be prescribed
The Governor may make regulations prescribing an amount by way of levy that is to be payable under the Betting Control Act 1954 section 14A(2) in respect of racing bets placed or accepted on or after 1 September 2008.
The regulations may —
provide that the levy is to be calculated by reference to gross revenue or turnover, or either gross revenue or turnover; and
if the levy is to be calculated by reference to either gross revenue or turnover, prescribe the basis on which one of the 2 is to or may be selected; and
prescribe different amounts by way of levy that are payable in respect of different races, classes of race or dates on which races are held.
Nothing in this section is to be taken as limiting the operation of the Interpretation Act 1984 section 43.
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