No. S 288
Singapore Totalisator Board Act
(Chapter 305A)
Singapore Totalisator Board (Commission on Totalisator Investments) Regulations 2004
In exercise of the powers conferred by sections 12 (1)(b) and 21 of the Singapore Totalisator Board Act, the Minister for Finance hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Singapore Totalisator Board (Commission on Totalisator Investments) Regulations 2004 and shall come into operation on 21st May 2004.
Definitions
2.  In these Regulations, unless the context otherwise requires —
“exotic bet” means a bet involving the selection of 3 horses or more;
“standard bet” means a bet involving the selection of less than 3 horses.
Commission
3.  The commission to be deducted under section 12(1)(b) of the Act from investments on the totalisator made on or after 21st May 2004 shall be —
(a)in the case of investments in the form of standard bets, 6% of all moneys received from such investments; and
(b)in the case of investments in the form of exotic bets, 8% of all moneys received from such investments.
Revocation
4.  The Singapore Totalisator Board (Commission on Totalisator Investments) Regulations (Rg 1) are revoked.

Made this 16th day of April 2004.

LIM SIONG GUAN
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF B82.1.2627 V3; AG/LEG/SL/305A/2002/1 Vol.1]