Part I AUTHORISATION AND REGULATION OF THE NATIONAL LOTTERY
The licensing system
7AF1Annual fee
1
The holder of a licence under section 5 or 6—
a
shall pay a first annual fee to the Commission within such period after the issue of the licence as may be prescribed, and
b
shall pay an annual fee to the Commission before each anniversary of the issue of the licence.
2
In this section—
“annual fee” means a fee of such amount as may be prescribed, and
“prescribed” means prescribed by regulations made by the Secretary of State.
3
Subsection (1)(b) does not apply in relation to an anniversary of the issue of a licence on or immediately before which the licence ceases, by virtue of its terms, to have effect.
4
The Commission shall pay fees received by virtue of this section into the Consolidated Fund.