Social Causes Fund Regulations, 2018

L.N. 249 of 2018

GAMING ACT

(CAP. 583)

Social Causes Fund Regulations, 2018

IN exercise of the powers conferred upon him by article 12 of

the Gaming Act, the Parliamentary Secretary for Financial Services,

Digital Economy and Innovation, in consultation with the Malta

Gaming Authority, has made the following regulations:-

The title of these regulations is the Social Causes Fund Citation.

Regulations, 2018.

In these regulations, save as provided in sub-regulation (2), Interpretation.

all words and phrases shall have the same meaning as prescribed in

the Gaming Definitions Regulations, 2018.

L.N. 242 of

2018. (2) In these regulations, unless the context otherwise requires

"the Act" means the Gaming Act;

"Committee" means the Social Causes Fund Committee

established in article 16 of the Act;

"Fund" means the Social Causes Fund established in article 16

of the Act;

"Gaming Fund" means the fund established in article 41 of the

Act.

The Fund shall be composed of the following

Funding.

(a)

one half of the gross amount paid by the Authority

into the Gaming Fund;

(b)

any donations made to the Fund by any interested

party

Provided that any party making such a donation may

request that his donation be appropriated in favour of a specific

religious, philanthropic, cultural, sports, educational, social or

civic project, or a specific category of projects, subject to the

compliance of such project with all other requirements

established by the Committee.

(1) The funds from time to time standing to the credit of Paying out of

the Fund shall be paid out by the Committee, without any further funds

Committee.

appropriation, to such persons, organisations, bodies or other entities

pursuing objectives of a religious, philanthropic, cultural, sports,

educational, social or civic nature or in support of other deserving

causes, and in such amounts, in such manner and at such times, as

may be determined by the Committee.

(2) The Committee shall ensure that the manner in which

persons, organisations, bodies or other entities may apply for funding,

and the criteria which are used to determine whether such persons,

organisations, bodies or other entities may make such request and

whether funding should be granted, are made readily available to the

general public.

(1) The Committee shall cause to be kept proper

accounts and other records of the receipts and expenditure of the

Fund, and shall cause to be prepared a statement of accounts in

respect of each financial year.

(2) The accounts of the Fund shall be audited by auditors

appointed by the Committee from among persons who are qualified to

be appointed as auditors of a company

Provided that the Minister responsible for the gaming

sector, or the Minister responsible for Finance, may require the books

and accounts of the Fund to be audited or examined by the Auditor

General who shall for the purpose have all the powers set out in the

Auditor General and National Audit Office Act.

(3) The Committee shall, as soon as may be but not later than

five months after the close of each financial year, transmit to the

House of Representatives through the Minister responsible for

Finance, and to the Authority, a copy of its annual accounts duly

audited together with a brief report on the projects or other deserving

causes funded during the previous year.

€0.18