No. S 205
Singapore Totalisator Board Act
(Chapter 305A)
Singapore Totalisator Board (Commission on Totalisator Investments) Regulations 2005
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 2005 and shall come into operation on 1st April 2005.
Commission
2.—(1)  The amount of the commission referred to in section 12(1)(b) of the Act shall be determined in accordance with these Regulations.
(2)  The Board may determine the commission to be deducted from investments on the totalisator as a percentage of all moneys received in any pool, and may set different percentages for different pools and vary the percentages for each pool from time to time.
(3)  Not later than one month after the end of each quarter of the financial year of the Board, the Board shall inform the Minister, in such manner as the Minister may require, the commission deducted from investments on the totalisator in the preceding quarter.
(4)  In these Regulations, “pool”, in respect of each type of betting, means the total dollar value of the bets made by investors for each such type of betting.
Revocation and transitional provision
3.  The Singapore Totalisator Board (Commission on Totalisator Investments) Regulations 2004 (G.N. No. S 288/2004) are revoked.
Made this 31st day of March 2005.
LIM SIONG GUAN
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF R1.2.1 V7; AG/LEG/SL/305A/2002/1 Vol. 1]
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