The Principal Act is amended by the insertion of the following section:
Section 26 shall not apply to a lottery where -
(a) the total value of the prizes is not more than €1,000,
(b) the price of each ticket is not more than €5,
(c) the maximum number of tickets sold is not more than 1,500,
(d) the lottery is conducted for the benefit of a charitable or philanthropic purpose, and
(e) the promoter of the lottery derives no personal profit from the lottery and has not conducted a lottery in accordance with this section during the preceding 3 months.".