Racing (Totalizator Board) Act 1961 s 19

s 19 Proportion of deduction from investment to belong to the Board

(1) The sum deducted by way of commission in accordance with paragraph 17(1)(b), together with any fractional money arising pursuant to the operation of paragraph (i) of the proviso to subsection 17(1) shall be deemed for all purposes to belong to and form part of the general funds of the Board and may be apportioned between the Board and the turf clubs in such proportion and in such manner as may be approved by the Minister under an approved scheme. (2) (Deleted by Act 47/1967).

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Find Act 494 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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