Finalisation of the L.R.U. Collective Guarantee
The Lotto Receivers' Union is pleased to confirm the finalisation of a Collective Guarantee on behalf of its members. The membership fee for 2022/2023 is set at €155.00, which includes affiliation to the Malta Chamber of SMEs.
For agents who already hold an individual guarantee, a contribution of 30% of their current holdings applies (for example, an agent holding €10,000 would contribute €3,000). Existing collective-guarantee members face a 20% increase on their current contribution.
All contributions are fully redeemed once an agent ends their agency at any time within the ten-year period. No administrative or hidden fees apply.
— Marco Rossi, L.R.U. President