Wagering Act 1998
sec.324Amounts payable on or after commencement day for investments
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sec.324 Amounts payable on or after commencement day for investments
This section applies if— an investment is made under the existing Act before the commencement day; and an amount first becomes payable in relation to the investment (whether by way of a dividend or refund) on or after the commencement day. For paying the amount, the investment is taken to be an investment made for approved wagering. (sec.324-ssec.1) This section applies if— an investment is made under the existing Act before the commencement day; and an amount first becomes payable in relation to the investment (whether by way of a dividend or refund) on or after the commencement day. (sec.324-ssec.2) For paying the amount, the investment is taken to be an investment made for approved wagering.
- (a) an investment is made under the existing Act before the commencement day; and
- (b) an amount first becomes payable in relation to the investment (whether by way of a dividend or refund) on or after the commencement day.