10Annual fee for keno operations at licensed premises

10 Annual fee for keno operations at licensed premises

(1)  [Regulation 10 Subregulation (1) amended by S.R. 2022, No. 74, Applied:01 Jul 2023] For the purposes of section 148(1)(b) of the Act, the annual licence fee payable by the holder of a venue licence for keno operations at the licensed premises is 700 fee units.

(2)  The annual licence fee payable by the holder of a venue licence for keno operations at the licensed premises is due and payable in the following manner:

(a) if the venue licence is in effect on 1 July in a financial year, the licence fee specified in subregulation (1) is payable in respect of that financial year on the first day of that financial year;

(b) if a venue licence takes effect on a day other than 1 July in a financial year, the proportional fee amount is to be paid within 3 days after the venue licence takes effect.

(3)  For the purposes of subregulation (2)(b) , the proportional fee amount is to be calculated in accordance with the following formula:

where –

A is the proportional fee amount to be calculated;

B is the licence fee payable under subregulation (1) for the venue licence for the full financial year;

C is the number of days in that financial year;

D is the number of days remaining in the financial year as at the date on which the venue licence takes effect.