S.I. No. 466/2012 - Greyhound Race Track (Totalisator) (Percentage Deduction) Regulations, 2012.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 30th November, 2012.

Bord na gCon, in exercise of the powers conferred on it by subsection (2) of section 40 of the Greyhound Industry Act 1958 (No. 12 of 1958), and with the consent of the Minister of State for Agriculture Food and the Marine, hereby makes the following regulations, that is to say:

(1) The Greyhound Race Track (Totalisator) (Percentage Deduction) Regulations, 2008 (No. 518 of 2008) are hereby revoked.

(2) The percentage deduction on all totalisator pools operated by the Board shall be not less than 10% and not greater than 30% of the monies staked on each pool.

(3) These regulations may be cited as the Greyhound Race Track (Totalisator) (Percentage Deduction) Regulations, 2012.

(4) These regulations shall come into operation on 14th day of November 2012.

GIVEN under the Seal of Bord na gCon this

13 November 2012.

SIGNED: PHILIP MEANEY,

Chairman of the Board.

SIGNED: ADRIAN NEILAN,

Chief Executive Officer of the Board.

An Officer authorised by the Board to authenticate the Seal of the Board

I hereby consent to the above Regulations.

6 November 2012.

SIGNED: SHANE MCENTEE,

Minister of State for Agriculture, Food and the Marine.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal Interpretation)

The effect of these Regulations is to establish the maximum and minimum amount which the Board may retain out of monies staked on totalisator pools operated by the Board.