Section 5
Licence
Unless there is established a Board under section 6, the
Minister may issue a licence to a person for the collection, operation or promotion of pool betting.
(2)
The Minister may refuse to issue or renew a licence to any person without assigning any reason and his decision shall be final.
(3)
A licence issued under subsection (1)—
(a)
shall be in such form as the Minister may think fit;
(b)
shall be subject to the payment of such fee for its issue or renewal as may be prescribed;
(c)
shall be valid for one calendar year only and may be renewed from year to year from the date of expiration of the licence;
(d)
shall be subject to such conditions or restrictions as the
Minister may impose from time to time or during the currency of the licence;
(e)
may be revoked by the Minister during the currency of the licence without assigning any reason.
(4)
After such date as the Yang di-Pertuan Agong may direct the Minister shall not issue or renew any licence under this section.