Functions of the Board

(1) The duties and powers of the Board shall be to control and regulate persons who provide computer wagering services. (2) For the purpose of performing its functions under subsection (1) of this section, the Board shall have power, (a) to grant written licences to such persons to provide a computer wagering service; (b) to make regulations for the following purposes, (i) prescribing the conditions to be observed by the person providing such computer wagering service and the liability of any such person; 7 (ii) prescribing the form and contents of the application for a licence to provide such computer wagering service and of any other document connected therewith; (iii) controlling and regulating all matters connected with or incidental to the of services licensed under this Act; (iv) prescribing the manner in which disputes between computer users and licence holders may be determined. (3) Regulations made by the Board under this Act shall not come into force until they have been approved by the Minister. (4) Such regulations may provide that any breach thereof shall be punishable on summary conviction by a fine not exceeding five thousand dollars, or by imprisonment for a term not exceeding one year, or by both such fine and term of imprisonment.