பாராளுமன்றச் சட்டம் · இயற்றப்பட்டவாறு
Finance (Amendment) Act 1998
கருத்துகள் மற்றும் உதவிஅதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள அல்லது தமிழ் உரையிலிருந்து வேறுபடும் இடங்களில் எந்த உரை மேலோங்கும் என்பதைச் சட்டமே குறிப்பிடுகிறது.
Amends the Finance Act 1963அதிகாரப்பூர்வ மொழிபெயர்ப்பு, ஸ்கேன் செய்யப்பட்ட பிரதியிலிருந்து படிக்கப்பட்டதுDepartment of Government Printing-இன் ஸ்கேன் செய்யப்பட்ட PDF-இலிருந்து, OCR மூலம் படிக்கப்பட்டது; பிழைகள் இருக்கலாம்
s 1Short title
This Act may be cited as the Finance (Amendment)
Act, No. 22 of 1998.
s 2Amendment of section |} of Act No, 1] of 1963
Section 1! of the Finance Act, No. 11 of 1963
(hereinafter referred to as the “principal enactment”) is hereby repealed and the following section substituted therefor :-—
“Audit of
11. Article 154 of the Constitution relating
Accounts.
to the audit of the accounts of public corporations shall apply to the audit of the accounts of the Fund of the Board.”.
s 3Replacement of section 14 of the principal enactment
Section 14 of the principal enactment is hereby”
repealed and the following section substituted therefor :—
‘National
14. (1) The Board may conduct lotteries for lotteries.
the purposes of this Part of this Act.
The Board may enter into agreements with any other person, for the conduct by such other person, of lotteries for the purposes of this Part of this Act, on behalf of the Board.
The Board may by licence issued in that behalf, authorize the conduct by any other person, of lotteries for the purposes of this Part of this
Act,
Every lottery conducted by the Board under subsection (1) or conducted on behalf of the Board under an agreement entered into under subsection (2) or conducted under the authority of.a lience issued under subsection (3) is in this
Part of this Act referred to as a “national lottery”.’.
2—D 039833— 8,550 (96/03)
s 4
The following new section is hereby inserted after section 14 and shall have effect as section 14a of the principal enactment :-—
“Terms and
14a.
Insertion of new section [4a in the principal enactment
Every licence issued by the Board a under subsection (3) of section 14 shall be subject licence to such terms and conditions as may be issued determined by the Board and approved by the under
Minister.
section 14.
There shall be paid in respect of every licence issued under subsection (3) of section 14, a fee of such amount as may be prescribed. The fee shall be paid to the Board by the person to whom the licence is issued and shall be credited by the Board to the Consolidated Fund.
It shall be lawful for the Board to cancel a licence issued by it under subsection (3) of section 14, if the holder of the licence fails to comply with, any term or condition to which the licence is subject or any provision of this Act.”.
s 5Amendment of section 15 of the principal enactment
Section 15 of the principal enactment is hereby amended by the substitution, for the words “conducted in”, of the words “conducted or authorized to be conducted in”.
s 6Amendment of section 16 of the principal enactinent
Section 16 of the principal enactment is hereby amended as follows :—
by the repeal of subsection (1) of that section, and the substitution of the following subsection therefor :—
“(1)
The number of prizes to be awarded ina national lottery and the value of each such prize shali—
(a)
in the case of a lottery conducted by the
Board, be as prescribed ;
inthe case of a lottery conducted on behalf of the Board under an agreement entered into under subsection (2) of section 14, be as specified in such agreement ;
(c} in the case of a lottery conducted under the authority of a licence issued under subsection (3) of section 14 be as specified in the terms and conditions of such licence.”,
by the repeal of subsection (3) of that section and the
Substitution of the following subsection therefor :—
“(3)
The prize winners in every national lottery shall be determined—
in the case of a lottery conducted by the
-
Board, in such manner as may be prescribed ;
inthe case of a lottery conducted on behalf of the Board, under an agreement entered into under subsection (2) of section 14, in such manner as may be specified in such agreement ; and
in the case of a lottery conducted under the authority of a licence issued under subsection (3) of section 14, in such manner as may be specified in the terms and conditions of such licence.”
in subsection (4) of that section :-—
by the substitution, for the words “the date of the drawing of lots for the prizes in”, of the words “the date of the determination of the winners of ;”;
Finance (Amendment) Act, No. 22 of 1998
by the substitution, for the words “the
Board shall grant such prize”, of the words
“the Board or the person conducting such national lottery on behalf of the Board or the person conducting such national lottery under the authority of a licence issued under subsection (3) of section 14, as the case may be, shall grant such prize”.
Section 17 of the principal enactment is hereby amended as follows --—
in subsection (1) of that section, by the substitution, for the words “every national lottery shall”, of the words “every national lottery conducted by the Board shall”.
by the substitution immediately after subsection (1)
of that section of the following subsection :—
“(1a) Where the prize consisting of money ina national lottery conducted by the Board, is not won by any person, such prize money shall notwithstanding anything to the contrary in this section, be credited to a Prize Reserve Account and the monies accumulated in such account shall be used for the award of prizers at subsequent national lotteries conducted by the Board.”.
in subsection (2) of that section, by the substitution for the words “approved by the Permanent Secretary”, of the words “approved by the Secretary to the
Ministry of the Minister.”
by the addition, at the end of that section of the following subsections :—
The Board shall pay to the Consolidated
Fund through the Secertary to the Ministry of the
Minister, the proceeds of every national lottery
Finance (Amendment)
Act, No. 22 af 1998 5
conducted on behalf of the Board under an agreement entered into under subsection (2) of section 14, after a deduction from such proceeds, the value of the prizes awarded in such national lottery and of any management fees payable, under the terms of that agreement, to the person conducting such national lottery and of an amount apporoved by the Secretary as being an amount necessary for the purposes of meeting any payments and liabilities referred to in paragraphs (b), (c), (d) and (e) of subsection (2).
All prizes in a national lottery which have been forfeited and paid to the Fund of the Board, under section 16, shall be credited by the Board to the
Consolidated Fund.”.
s 8
Section 18 of the principal enactment is hereby — Repeal of section repealed.
18 of the principal enactment.
9,
Section 23 of the principal enactment is hereby
Amendment of amended as follows :—
section,23 of the principal a
.
enactment.
by the repeal of the definition of “financial year”, and the substitution, of the following definition therefor :-—
“financial year” means the period commencing on
January | in any year and ending on December 31 of that year; and
by the repeal of the definition of “Minister” and the substitution, of the following definition therefor :—
“Minister” means the Minister to whom the subject of Finance has been assigned.
s 10Inthe event of any inconsistency between the Sinhala
Sinhala text to and Tamil texts of this Act, the Sinhala text shall prevail.
prevail in case of inconsistency.