Victorian Current Acts

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GAMBLING REGULATION ACT 2003 - SECT 5.3.9

Premium payment

    (1)     The Minister may require a public lottery licensee to pay, as consideration for the public lottery licence, one or more amounts determined by the Minister as the premium payment.

    (2)     The Minister may determine the premium payment as—

        (a)     a single amount payable on the issue of the licence, or by the later time determined by the Minister; or

        (b)     an amount payable each year for the duration of the licence at the time determined by the Minister.

    (3)     The premium payment is a tax.



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