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Gaming Control (Amendment) Act 2005

Commencement: 24 July 2005

REPUBLIC OF VANUATU

THE
GAMING (CONTROL) (AMENDMENT) ACT NO. 8 OF 2005

Arrangement of Sections

1. Amendments
2. Commencement
   

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REPUBLIC OF VANUATU

THE
GAMING (CONTROL) (AMENDMENT) ACT NO. 8 OF 2005

Assent: 14 July 2005
Commencement: 24 July 2005

An Act to amend the Gaming (Control) Act [CAP 172].

Be it enacted by the President and Parliament as follows-

1 Amendments

The Gaming (Control) Act [CAP 172] is amended as set out in the Schedule.

2 Commencement

This Act commences on the date on which it is published in the Gazette.

SCHEDULE

AMENDMENTS OF THE GAMING (CONTROL) ACT [CAP 172]

1. After section 5A
   

Insert

“5AA Exemption from requirement to pay gaming duty

(1) A licensee is exempt, for the prescribed period, from any requirement to pay gaming duty under section 5 if the Minister is satisfied on issuing the licensee’s licence that:

(a) the gaming machines or gaming tables to which the licence applies are, or are to be, newly installed at the premises concerned; and

(b) the capital investment in Vanuatu by the licensee, in relation to the premises (including the machines or tables), has been, or will be, VT1 billion or more within a 3 year period.

(2) If the Minister determines (after issuing the licence and based on information not available to him or her when granting the licence) that the capital investment in Vanuatu has been, or will be, less than VT1 billion within the 3 year period:

(a) the exemption ceases to apply; and

(b) the licensee is liable to pay gaming duty under section 5, for each month that has elapsed during the period of exemption, at the rate that applied under that section during that month.

(3) However, if the Minister determines that failure to invest VT1 billion or more within the 3 year period is due to circumstances beyond the control of the licensee, the Minister may continue the exemption for a further period.

(4) If the Minister subsequently determines (based on information not available to him or her when making the determination under subsection (3)) that the capital investment in Vanuatu has been, or will be, less than a total of VT1 billion during the 3 year period and the further period, paragraphs (2) (a) and (b) apply.

(5) In this section, prescribed period, for an exemption from duty payable in relation to gaming machines or gaming tables on premises, means the period of one year from the date on which the gaming machines or gaming tables commence to be made available for trade at the premises.

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