S.I. No. 571/1998 - Irish Horseracing Industry Act, 1944 Horseracing (Interest on Late Payment of Levies on Course Bets) Regulations, 1998.
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IRISH HORSERACING INDUSTRY ACT, 1994 | ||||||||||||||||||||
HORSERACING (INTEREST ON LATE PAYMENT OF LEVIES ON COURSE BETS) REGULATIONS, 1998 | ||||||||||||||||||||
The Irish Horseracing Authority in exercise of the powers conferred upon it by sub-section (4)(b)(ii) of Section 54 of the Irish Horseracing Industry Act, 1994 and with the consent of the Minister for Agriculture and Food hereby makes the following Regulations: - | ||||||||||||||||||||
PART I CITATION, COMMENCEMENT AND DEFINITIONS | ||||||||||||||||||||
1 Citation and Commencement | 1. (a) These Regulations may be cited as the Horseracing (Interest on Late Payment of Levies on Course Bets) Regulations, 1998. | |||||||||||||||||||
(b) These Regulations shall come into operation on the 1st day of February, 1999. | ||||||||||||||||||||
2 Definitions- | 2. (a) in these Regulations- | |||||||||||||||||||
"the Act" means the Irish Horseracing Industry Act, 1994 ; | ||||||||||||||||||||
"the Authority" means the Irish Horseracing Authority established by the Act; | ||||||||||||||||||||
"the Levy" means the levy payable under Section 54 of the Act. | ||||||||||||||||||||
(b) In these Regulations words and phrases which are defined in the Act and not in these Regulations shall have the meaning given to them in the Act. | ||||||||||||||||||||
(c) The Interpretation Act, 1937 applies to the interpretation of these Regulations in like manner as it applies to the interpretation of an Act of the Oireachtas. | ||||||||||||||||||||
PART II LEVIES PAYABLE BY AUTHORISED BOOKMAKERS ON COURSE BETS | ||||||||||||||||||||
3 Reduction in rate of interest to be charged | 3. In exercise of the powers conferred on the Authority by sub-section (4)(b)(ii) of Section 54 of the Act, the interest rate specified in sub-section (4)(b)(i) of Section 54 of the Act is hereby reduced to 10 per cent. per annum. | |||||||||||||||||||
4 Amendments to Regulations: | 4. These Regulations may, with the consent of the Minister, be amended from time to time by the Authority. | |||||||||||||||||||
Given under the Seal of the Authority this 18th day of December, 1998. | ||||||||||||||||||||
Edmund Browne | ||||||||||||||||||||
Member of the Authority | ||||||||||||||||||||
Patrick Walsh | ||||||||||||||||||||
Secretary of the Authority | ||||||||||||||||||||
I hereby consent to the above Regulations. | ||||||||||||||||||||
Joe Walsh, TD | ||||||||||||||||||||
Minister for Agriculture and Food |