Horserace Betting and Olympic Lottery Bill
AS AMENDED IN STANDING COMMITTEE D
Contents
Part 1
Sale of the Tote
Dissolution, and transfer of assets
1
Dissolution of the Tote
2
Successor company: transfer
3
Sections 1 and 2: supplemental
4
Tax
Operation of successor company
5
Pre-sale issue of shares, &c. to government
6
Accounts
7
Shadow directors
Post-transfer control of horserace pool betting
8
Exclusive licence
9
Section 8: supplemental
10
Control when no exclusive licence
General
11
Preparatory work by the Tote
12
Interpretation
13
Consequential amendments
14
Extent
Part 2
Abolition of the Horserace Betting Levy System
15
Abolition of levy
16
Property of the Levy Board
17
18
ii
19
Interpretation: “enactment”
20
Part 3
National Lottery: Olympic Lotteries
Olympic Lotteries
21
Licensing of Olympic Lotteries
22
Timing
Olympic Lottery Distribution Fund
23
The Fund
24
Payments into Fund from lottery proceeds
25
Payments into Fund from National Lottery Distribution Fund
26
Payments out of Fund
27
Investment
28
Winding up
Olympic Lottery Distributor
29
The Olympic Lottery Distributor
30
Distribution
31
Distribution policy
32
Dissolution
Miscellaneous
33
34
Consequential amendments, &c.
35
Changes in Olympic procedure
36
Regulations and orders
37
Part 4
38
Repeals
39
Money
40
Commencement
41
42
Short title
Schedule 1 —
New Schedule 1A to the Betting, Gaming and Lotteries Act
1963
Part 1 —
Introduction
Part 2 —
Conditions
Part 3 —
Supervision
iii
Schedule 2 —
Sale of the Tote: Consequential Amendments
Schedule 3 —
Horserace Betting Levy Board: Transfer of Property
Schedule 4 —
Abolition of the Horserace Betting Levy System:
Consequential Amendments
Schedule 5 —
Constitution
Proceedings
Schedule 6 —