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Valuation of lottery supply set as a specified fraction of ticket face value or notified price, whichever higher. The amendment substitutes the valuation provision for lottery supplies to deem the value as a specified fraction of the ticket face value or the price notified by the Organising State, whichever is higher, and adopts the same definition of Organising State as in the Lotteries (Regulation) Rules, 2010; the substituted provision takes effect from 1 March 2020 with other provisions coming into force on gazette publication.
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Valuation of lottery supply set as a specified fraction of ticket face value or notified price, whichever higher.
The amendment substitutes the valuation provision for lottery supplies to deem the value as a specified fraction of the ticket face value or the price notified by the Organising State, whichever is higher, and adopts the same definition of Organising State as in the Lotteries (Regulation) Rules, 2010; the substituted provision takes effect from 1 March 2020 with other provisions coming into force on gazette publication.
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