S.I. No. 425/2001 -- Greyhound Race Track (Totalisator) (Operating) Amendment Regulations 2001
S.I. NO. 425 OF 2001 |
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GREYHOUND RACE TRACK (TOTALISATOR) (OPERATING) AMENDMENT REGULATIONS 2001 |
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Bord na gCon in exercise of the powers conferred on it by sub-section (3) of Section 40 of the Greyhound Industry Act, 1958 ( no. 12 of 1958 ) hereby makes the following regulations, that is to say:- |
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(1) The minimum unit on all pools shall be 1 euro. |
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(2) The minimum totalisator dividend shall be declared to 1 euro and 10 cents (except in the case of a dead heat) |
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(3) The dividend on the unit shall be paid to a multiple of 10 cents and for that purpose every fraction of 10 cents shall, as the Board may think proper in respect of each fraction, be distributed or retained. |
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(4) These regulations shall come into operation on the 1st day of January 2002. |
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EXPLANATORY NOTE |
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(This note is not part of the Instrument and does not purport to be a legal interpretation). |
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The effect of these regulations is to amend the Greyhound Race Track (Totalisator) (Operating) Regulations, 1971 to allow for the minimum unit on all totalisator pools to be 1 euro. |