Malaysia legislation
Section 18
Section 18
(a)
that the members and officers of any turf club in the
Republic of Singapore are exempted generally from the provision of any law relating to common gaming houses for the time being in force in that Republic; and
(b)
that the Board is willing to receive in accordance with an approved scheme totalizator investments from any such club for investment on horse races in Malaysia; and
(c)
that suitable arrangements have been or are being made in the Republic of Singapore in order to exempt from the provisions of any law relating to betting and sweepstake
15
Racing (Totalizator Board)
duties for the time being in force in that Republic any investments made by or on behalf of the Board with any club referred to in paragraph (a) on horse races in the
Republic of Singapore, he may by notification in the Gazette declare that this section shall apply to any money received by the Board from or through the agency of any such club for investment on horse races in Malaysia.
(2)
Where any declaration under subsection (1) is in force all moneys received by the Board from or through the agency of any club specified in such notification for investment on horse races in Malaysia shall be exempt from paragraphs 17(1)(a) and (b), and section 2 of the Betting and Sweepstake Duties Act 1948.
Proportion of deduction from investment to belong to the Board