S.I. No. 130/1975:

RACECOURSE (LEVY) (PERCENTAGE) REGULATIONS, 1975.

RACECOURSE (LEVY) (PERCENTAGE) REGULATIONS, 1975.

The Racing Board in exercise of the powers conferred on it by Section 27 of the Racing Board and Racecourses Act, 1945 (No. 16 of 1945) as amended by Section 3 of the Racing Board and Racecourses (Amendment) Act, 1975 (No. 11 of 1975) with the consent of the Minister for Finance hereby makes the following Regulations.

1. These Regulations may be cited as the Racecourse (Levy) (Percentage) Regulations, 1975.

2. The levy payable for the time being on a course bet shall be six per cent of such course bet.

3. These Regulations shall come into operation on the Thirtieth day of June, 1975 and thereupon the Racecourse (Levy) (Percentage) Regulations, 1964 shall cease to have effect.

GIVEN under the Seal of the Racing Board this Twenty Fourth day of June, 1975.

PATRICK W. McGRATH,

Chairman of the Board.

PATRICK WALSH

Secretary of the Board.

I hereby consent to the above Regulations.

RICHIE RYAN,

Minister for Finance.

Dated this 24th day of June, 1975.

EXPLANATORY NOTE.

The effect of the Regulations is that from 30th June, 1975 a levy at the rate of six per cent will be payable to The Racing Board on course bets at authorised racecourses.