Decision No. 63/2004/QD-BTC amends certain articles of the Lottery Ticket Agency Sales Regulation, specifically Article 6 on business registration and Article 9 on agency authorization for prize payment. This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Scope of application
Lottery agencies, lottery sub-agencies, lottery ticket sellers, State-owned Lottery Enterprises
Key points
- Lottery agencies, lottery sub-agencies, and lottery ticket sellers shall register their lottery agency operations with the business registration authority in accordance with the provisions of the law (Article 6)
- State-owned Lottery Enterprises may choose and decide whether to authorize lottery agencies to pay prizes, while also meeting requirements regarding the management capability and liability for compensation of the lottery agencies (Article 9)
- This Decision shall take effect fifteen days from the date of publication in the Official Gazette
🌐 Social impact of this document
- Positive impact: Reduces the burden of legal procedures for lottery agencies, facilitating management and prize payment.
- Negative impact: May lead to management risks in prize payment if not implemented according to regulations
❓ Frequently asked questions
What should lottery agencies do when registering their business?
Lottery agencies, lottery sub-agencies, and lottery ticket sellers must register their lottery agency operations with the business registration authority in accordance with the provisions of the law (Article 6).
How can State-owned Lottery Enterprises authorize lottery agencies?
State-owned Lottery Enterprises may choose and decide whether to authorize lottery agencies to pay prizes. The authorization must meet the management capability requirements of the lottery agencies and specific provisions in the agency contract (Article 9).
When does this Decision take effect?
This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
What conditions must be met for State-owned Lottery Enterprises to authorize lottery agencies to pay prizes?
State-owned Lottery Enterprises must ensure that the authorization is appropriate to the management capability of the lottery agencies and complies with specific provisions in the agency contract regarding liability for compensation (Article 9).
Full text
Pursuant to …;
Regarding amendments to certain Articles of the Lottery Ticket Agency Regulations
issued together with Decision No. 185/2003/QD-BTC
dated November 13, 2003of the Minister of Finance
_________________
THE MINISTER OF FINANCE
Pursuant to Decree No. 86/2002/NĐ-CP dated November 5, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of Ministries and ministerial-level agencies;
Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Director of the Department of Banking and Financial Organization Finance,
DECISION:
Article 1. Amending certain Articles of the Lottery Ticket Agency Regulations issued together with Decision No. 185/2003/QD-BTC dated November 13, 2003 of the Minister of Finance as follows:
Article 6 - Business Registration is amended as follows:
The lottery agency, sub-agency, and lottery ticket sellers shall register their business activities related to lottery agency operations at the business registration authority in accordance with the provisions of the law.
Article 9 - Lottery Agency Payment Authorization is amended as follows:
The State Lottery Company may choose and decide whether to authorize or not authorize lottery agencies for payment. The authorization must meet the following requirements:
a. Be consistent with the management capacity of the lottery agency and the management requirements for payments of each type of lottery.
b. Specify in the lottery agency contract the responsibility of the lottery agency to compensate for lottery tickets that are not paid according to regulations.
Article 2. This Decision takes effect 15 days from the date of publication in the Official Gazette.
Article 3. The Director of the Department of Banking and Financial Organization Finance, the Head of the Ministry of Finance's Office, and the Heads of relevant units under and affiliated with the Ministry of Finance are responsible for implementing this Decision.
DEPUTY MINISTER
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