Sri Lanka Consolidated Acts

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Finance (Amendment) Act (No. 22 of 1998) - Sect 6

Amendment of section 16 of the principal enactment

6. Section 16 of the principal enactment is hereby amended as follows :-
(1) by the repeal of subsection (1) of that section, and the substitution of the following subsection therefor :-
"(1) The number of prizes to be awarded in a national lottery and the value of each such prize shall-
(a) in the case of a lottery conducted by the Board, be as prescribed ;
(b) in the case of a lottery conducted on behalf of the Board under an agreement entered into under subsection (2) of section 14, be as specified in such agreement:
(c) in the case of a lottery conducted under the authority of a licence issued under subsection (3) of section 14 be as specified in the terms and conditions of such licence.
(2) by the repeal of subsection (3) of that section and the substitution of the following subsection therefor :-
"(3) The prize winners in every national lottery shall be determined-
(a) in the case of a lottery conducted by the Board, in such manner as may be prescribed;
(b) in the case of a lottery conducted on behalf of the Board, under an agreement entered into under subsection (2) of section 14, in such manner as may be specified in such agreement; and
(c) in the case of a lottery conducted under the authority of a licence issued under subsection (3) of section 14, in such manner as may be specified in the terms and conditions of such licence.'".
(3) in subsection (4) of that section :-
(a) by the substitution, for the words "the date of the drawing of lots for the prizes in", of the words "the date of the determination of the winners of;";
(b) by the substitution, for the words "the Board shall grant such prize", of the words "the Board or the person conducting such national lottery on behalf of the Board or the person conducting such national lottery under the authority of a licence issued under subsection (3) of section 14, as the case may be, shall grant such prize".


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