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UK Coat of Arms, Contains public sector information licensed under the Open Government Licence v3.0.

Horserace Betting and Olympic Lottery Act 2004 (c. 25)

Horserace Betting and Olympic Lottery Act 2004 2004 CHAPTER 25 An Act to make provision for the sale of the Tote; to make provision for the abolition of the horserace betting levy system; to make provision for the establishment of National Lottery games designed to raise money in connection with the hosting by London of the Olympic Games in 2012; and for connected purposes. [28th October 2004] Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Legislation

Table of Content

1. Dissolution of the Tote E+W+S

2. Successor company: transfer E+W+S

3. Sections 1 and 2: supplemental E+W+S

4. Operation of successor company E+W+S

5. Pre-sale issue of shares, &c. to government E+W+S

6. Accounts E+W+S

7. Post-transfer control of horserace pool betting E+W+S

8. Exclusive licence E+W+S

9. Section 8: supplemental E+W+S

10. Restriction on pool betting on track

4. Restriction on pool betting off track

4. General E+W+S

11. Preparatory work by the Tote E+W+S

12. Interpretation E+W+S

13. Consequential amendments E+W+S

14. Extent E+W+S

15. Abolition of levy E+W+S

16. Property of the Levy Board E+W+S

17. Consequential amendments E+W+S

18. Tax E+W+S

19. Interpretation: “enactment” E+W+S

20. Olympic Lotteries U.K.

21. Licensing of Olympic Lotteries U.K.

22. Olympic Lottery Distribution Fund U.K.

23. The Fund U.K.

24. Payments into Fund from lottery proceeds U.K.

25. Payments into Fund from National Lottery Distribution Fund U.K.

26. Payments out of Fund U.K.

27. Investment U.K.

28. Olympic Lottery Distributor U.K.

29. The Olympic Lottery Distributor U.K.

30. Distribution U.K.

31. Distribution policy U.K.

32. Miscellaneous U.K.

33. Interpretation U.K.

34. Consequential amendments, &c. U.K.

35. Changes in Olympic procedure U.K.

36. Regulations and orders U.K.

37. Extent U.K.

38. Repeals U.K.

39. Money U.K.

40. Commencement U.K.

41. Extent U.K.

42. Financial year E+W+S

1. Dissolution of the Tote E+W+S

2. Successor company: transfer E+W+S

3. Sections 1 and 2: supplemental E+W+S

4. Operation of successor company E+W+S

5. Pre-sale issue of shares, &c. to government E+W+S

6. Accounts E+W+S

7. Post-transfer control of horserace pool betting E+W+S

8. Exclusive licence E+W+S

9. Section 8: supplemental E+W+S

10. Restriction on pool betting on track

4. Restriction on pool betting off track

4. General E+W+S

11. Preparatory work by the Tote E+W+S

12. Interpretation E+W+S

13. Consequential amendments E+W+S

14. Extent E+W+S

15. Abolition of levy E+W+S

16. Property of the Levy Board E+W+S

17. Consequential amendments E+W+S

18. Tax E+W+S

19. Interpretation: “enactment” E+W+S

20. Olympic Lotteries U.K.

21. Licensing of Olympic Lotteries U.K.

22. Olympic Lottery Distribution Fund U.K.

23. The Fund U.K.

24. Payments into Fund from lottery proceeds U.K.

25. Payments into Fund from National Lottery Distribution Fund U.K.

26. Payments out of Fund U.K.

27. Investment U.K.

28. Olympic Lottery Distributor U.K.

29. The Olympic Lottery Distributor U.K.

30. Distribution U.K.

31. Distribution policy U.K.

32. Miscellaneous U.K.

33. Interpretation U.K.

34. Consequential amendments, &c. U.K.

35. Changes in Olympic procedure U.K.

36. Regulations and orders U.K.

37. Extent U.K.

38. Repeals U.K.

39. Money U.K.

40. Commencement U.K.

41. Extent U.K.

42. Financial year E+W+S

Section 1

1. Dissolution of the Tote E+W+S

(1) On the appointed day the Horserace Totalisator Board shall by virtue of this section cease to exist. (2) In this Part “ the appointed day ” means a day appointed for the purposes of this section by the Secretary of State by order made by statutory instrument. Modifications etc. (not altering text) C2 S. 1(2): 13.7.2011 appointed for the purposes of s. 1 by S.I. 2011/1703 , art. 2 Commencement Information I1 S. 1 in force at 25.2.2011 by S.I. 2011/462 , art. 2

Section 2

2. Successor company: transfer E+W+S

(1) All property, rights and liabilities to which the Horserace Totalisator Board was entitled or subject immediately before the appointed day shall on that day vest in the successor company by virtue of this section. (2) In this Part “ the successor company ” means a company which— (a) is nominated for the purposes of this section by the Secretary of State in writing before the appointed day, and (b) on the appointed day is— (i) a company formed and registered under [ F1 the Companies Act 2006 ] as a company limited by shares, and (ii) wholly owned by the Crown. Textual Amendments F1 Words in s. 2(2)(b)(i) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941) , art. 1(2) , Sch. 1 para. 221(2) (with art. 10 ) Commencement Information I2 S. 2 in force at 25.2.2011 by S.I. 2011/462 , art. 2