Lotteries and Art Unions Act 1901 Regulation relating to the value of prizes in lotteries (1990-527) [GG No 93 of 27.7.1990] (NSW)

1990 - NO. 527

LOTTERIES AND ART UNIONS ACT 1901 - REGULATION

(Relating to the value of prizes in lotteries)

NEW SOUTH WALES

[Published in Gazette No. 93 of 27 July 1990]

HIS Excellency the Governor, with the advice of the Executive Council, and in pursuance of the Lotteries and Art Unions Act 1901, has been pleased to make the Regulation set forth hereunder.

G. B. WEST

Chief Secretary.

The Lotteries and Games of Chance Regulations 1966 are amended:

(a) by omitting Regulation 8 (1) and by inserting instead the following clause:

(1) For the purposes of section 4 (3) (a) of the Act, the

prescribed amount is $20,000.

(b) by omitting Regulation 8 (4).

EXPLANATORY NOTE

The Lotteries and Games of Chance Regulations 1966 at present prescribe the various maximum total values of prizes that may be offered in lotteries conducted or authorised:

• by a charity registered (or exempt from registration) under the Charitable

Collections Act 1934 ($15,000);

1990 - NO. 527

• by a political party or trade union ($15,000); and

• by any other non-profit organisation ($5,000).

The objects of this Regulation are:

• to abolish the differences in the total value of prizes that may be offered by any

such organisations; and

• to increase to $20,000 the maximum total value of such prizes.