Soccer Football Pools Act 1975 - Soccer Football Pools (Application of Subscriptions) Regulation 1994 (1994-165) [GG No 68 of 13.5.1994] (NSW)

1994—No. 165

SOCCER FOOTBALL POOLS ACT 1975—REGULATION

(Soccer Football Pools (Application of Subscriptions) Regulation 1994)

NEW SOUTH WALES

[Published in Gazette No. 68 of 13 May 1994]

HIS Excellency the Governor, with the advice of the Executive Council, and in pursuance of the Soccer Football Pools Act 1975, has been pleased to make the Regulation set forth hereunder.

Mrs Anne Cohen MP

Chief Secretary.

Citation

1. This Regulation may be cited as	the Soccer Football Pools
(Application of Subscriptions) Regulation	1994.
Commencement

2. This Regulation commences on 1 June 1994.

Repeal

3. The Soccer Football Pools (Application of Subscriptions)

Regulation 1985 is repealed.

Definition

4. In this Regulation:

“the Act” means the Soccer Football Pools Act 1975.

Application of subscriptions to prize fund

5. For the purposes of section 14 (2) (b) of the Act, the prescribed

percentage is 50%.

1994—No. 165

NOTES

TABLE OF PROVISIONS

l . Citation

2. Commencement
3. Repeal
4. Definition

5. Application of subscriptions to prize fund

EXPLANATORY NOTE

The object of this Regulation is to repeal the Soccer Football Pools (Application of Subscriptions) Regulation 1985 and to replace it with this Regulation which is in the same terms as the Regulation to be repealed.

Under section 14 of the Act, a licensee is required to pay into the prize fund an amount equal to the prescribed percentage of the subscriptions received by the licensee in respect of a soccer pool promoted, conducted or operated by the licensee. The prescribed percentage is currently 50%. This Regulation preserves the existing prescribed percentage.

This Regulation is made in connection with the staged repeal of subordinate legislation under the Subordinate Legislation Act 1989, and comprises matters of a machinery nature.