Section 3
Statement by promoter
of Betting and Sweepstake Duties Act 1948
The promoter shall draw up a statement of the amounts received as bets on each race and of the amounts contributed to each sweepstake and shall, as may by the Collector of Stamp
Duties in each case be determined, either affix thereto adhesive stamps to the value of the duty chargeable under section 2, or pay the amount of duty so chargeable in lawful currency of Malaysia.
(2)
The statement referred to in subsection (1) shall be delivered to the Collector:
(a)
in the case of bets made on any totalisator or pari mutuel, within fifteen days after the last day of the race meeting at which such bets were made, or
(b)
in the case of a sweepstake, within seven days after the day on which the sweepstake was closed, and the Collector shall, if he has required the duty to be paid by means of adhesive stamps, cancel the stamps, or, if he has required the duty to be paid in lawful currency of Malaysia, issue a receipt for the amount paid.
(3)
(Deleted by Act 12 of 1961).