The Public Finance Committee has decided to postpone the consideration of the Betting and Gaming Levy (Amendment) Bill for a week until a timeline for establishing a regulatory authority is worked out.
The first meeting of the Committee on Public Finance of the Fourth Session of the Ninth Parliament was held on June 7 under the Chairmanship of MP Dr.Harsha De Silva.
The Betting and Gaming Levy (Amendment) Bill was discussed and the Chairman of the Committee pointed out that the establishment of a regulatory authority for the casino business was previously discussed. The committee chairman said that the Finance Ministry has prepared a time frame for this regulatory authority to get Cabinet approval by January 31, 2023, however, it has not been done so far.
The Committee decided that a new time frame is needed and a period of one week will be given to prepare it for the Ministry of Finance.
It was decided to meet the Committee on Public Finance in a week to consider the Betting and Gaming Levy (Amendment) Bill.
Meanwhile, the approval of the Committee on Public Finance for the provision under Appropriation Act No. 30 of 2021 was also given.
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