21(1)In this section, “gross gate receipts” means the revenue derived from admissions to an event in a combat sport and the revenue derived from the sale of the broadcast rights for the event, after the deduction of taxes.

21(2)The holder of an event permit shall pay to the Commission a fee in the amount determined by multiplying the amount of the gross gate receipts for the event by the percentage prescribed by regulation.

21(3)The percentage referred to in subsection (2) shall not exceed 5%.

21(4)The fee referred to in subsection (2) shall be paid to the Commission within 14 days after the date the event is held.