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National Lottery Act, 1986

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Number 28 of 1986


NATIONAL LOTTERY ACT, 1986


ARRANGEMENT OF SECTIONS

Section

1.

Definitions.

2.

Power of Minister to hold or procure holding of National Lottery.

3.

Grant by Minister of licence to hold National Lottery.

4.

Prizes in National Lottery.

5.

Application of net proceeds of National Lottery.

6.

Independent scrutiny of National Lottery held by Company.

7.

Sale of National Lottery tickets.

8.

National Lottery Fund.

9.

Remuneration of licensee.

10.

The Company.

11.

Memorandum of association of Company.

12.

Articles of association of Company.

13.

Alteration of memorandum and articles of association of Company.

14.

Directors of Company.

15.

Membership of either House of Oireachtas or of Assembly of European Communities by directors or staff of Company.

16.

Borrowing by Company.

17.

Provision in relation to certain property of Company.

18.

Accounts of Company and audit.

19.

Furnishing by Company of annual report and information to Minister.

20.

Acquisition of shares in Company by Minister.

21.

Holding and sale by Minister of shares in Company.

22.

Powers of Minister as shareholder in Company.

23.

Restriction on disposal of certain shares in Company.

24.

Restriction on issue of shares in Company.

25.

Payment of dividends, etc., into Exchequer.

26.

Obligation to hold certain shares in Company in trust for Minister.

27.

Vesting in Minister upon death, etc., of certain directors and members of Company of shares held by them.

28.

Schemes for lottery games in National Lottery.

29.

Directions to Company by Minister.

30.

Special powers of Minister in relation to Company.

31.

Provisions relating to names “National Lottery” and “Irish National Lottery”.

32.

Exemption of National Lottery from Gaming and Lotteries Acts, 1956 to 1979.

33.

Restriction of section 22, and power of Minister for Justice to amend sections 27 and 28 of Gaming and Lotteries Act, 1956.

34.

Regulations.

35.

Expenses.

36.

Short title and collective citation.


Acts Referred to

Arbitration Act, 1954

1954, No. 26

Arts Act, 1951

1951, No. 9

Companies Act, 1963

1963, No. 33

Companies Acts, 1963 to 1985

Gaming and Lotteries Act, 1956

1956, No. 2

Gaming and Lotteries Acts, 1956 to 1979

European Assembly Elections Act, 1977

1977, No. 30

European Assembly Elections Act, 1984

1984, No. 6

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Number 28 of 1986


NATIONAL LOTTERY ACT, 1986


AN ACT TO PROVIDE FOR THE HOLDING BY OR ON BEHALF OF THE MINISTER FOR FINANCE OF A NATIONAL LOTTERY, TO AMEND THE GAMING AND LOTTERIES ACTS, 1956 TO 1979, AND TO PROVIDE FOR MATTERS CONNECTED WITH THE MATTERS AFORESAID. [15th July, 1986]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: