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Levies payable by licensed bookmakers on course bets.
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32.—(1) Every person who, as a licensed bookmaker, enters into a course bet on or after the commencement of this section shall pay to the Board a levy calculated at the rate of the prescribed percentage for the time being of the amount of the course bet and, if the event the subject of the bet is determined in favour of the person with whom the bookmaker enters into the bet, the bookmaker shall, from the total amount which he would otherwise pay or credit to that person in respect of the bet, make a deduction calculated at the rate of that percentage of that total amount.
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(2) For the purposes of this section the amount of a course bet shall be taken to be the sum which, by the terms of the bet, the bookmaker by whom it is entered into will be entitled to receive, retain or take credit for if the event the subject of the bet is determined in his favour.
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(3) Whenever it is proved to the satisfaction of the Board that a course bet in respect of which a levy under this section is payable has become void for any reason other than the mutual consent of the parties thereto or that the amount of the course bet in respect of which a levy under this section is payable has not been and is not likely to be collected by the bookmaker, the Board may, subject to such conditions as it thinks fit to impose, either (as the case may require) repay the levy paid or remit the levy chargeable in respect of the course bet.
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(4) Every person who fails or neglects to pay any sum payable by him in respect of a levy under this section shall (without prejudice to proceedings under subsection (5) of this section) be guilty of an offence and shall be liable on summary conviction thereof to a fine not exceeding one hundred pounds.
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(5) Every levy under this section payable by any person shall (without prejudice to proceedings under subsection (4) of this section) be recoverable from that person by the Board as a simple contract debt in any court of competent jurisdiction.
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(6) Regulations for the purposes of this section shall require the consent of the Minister.
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