Gaming Control Amendment (Tasmanian Gaming Licence Taxation) Act 2000
An Act to amend the Gaming Control Act 1993
[Royal Assent 19 April 2000]
Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:
This Act may be cited as the Gaming Control Amendment (Tasmanian Gaming Licence Taxation) Act 2000 .
(1) Sections 4(b) , (c) , (d) , (e) , (f) , (g) , (h) , (i) , (j) , (k) , (l) , (m) , (n) , (o) and (p) commence on 1 July 2000.(2) The remaining provisions of this Act commence on the day on which this Act receives the Royal Assent.
In this Act, the Gaming Control Act 1993 is referred to as the Principal Act.
4. Section 150A amended (Taxation in respect of Tasmanian gaming licence)
Section 150A of the Principal Act is amended as follows:(a) by inserting in subsection (6) "in relation to wagers from persons in Australia" after "endorsement";(b) by omitting from subsection (6)(a) "$30 000 000, 25%" and substituting "$10 000 000, 20%";(c) by omitting from subsection (6)(b) "$30 000 000" first occurring and substituting "$10 000 000";(d) by omitting from subsection (6)(b) "$35 000 000," and substituting "$20 000 000,";(e) by omitting from subsection (6)(b)(i) "25%" and substituting "20%";(f) by omitting from subsection (6)(b)(i) "$30 000 000;" and substituting "$10 000 000;";(g) by omitting from subsection (6)(b)(ii) "30%" and substituting "17.5%";(h) by omitting from subsection (6)(b)(ii) "$30 000 000;" and substituting "$10 000 000;";(i) by omitting from subsection (6)(c) "$35 000 000," and substituting "$20 000 000,";(j) by omitting from subsection (6)(c)(i) "25%" and substituting "20%";(k) by omitting from subsection (6)(c)(i) "$30 000 000;" and substituting "$10 000 000;";(l) by omitting from subsection (6)(c)(ii) "30%" and substituting "17.5%";(m) by omitting from subsection (6)(c)(ii) "$30 000 000" and substituting "$10 000 000";(n) by omitting from subsection (6)(c)(ii) "$35 000 000;" and substituting "$20 000 000;";(o) by omitting from subsection (6)(c)(iii) "35%" and substituting "15%";(p) by omitting from subsection (6)(c)(iii) "$35 000 000." and substituting "$20 000 000.";(q) by inserting the following subsection after subsection (6) :(6A) The tax payable in relation to a month and the gaming business conducted in respect of a simulated gaming endorsement in relation to wagers from persons elsewhere than in Australia is 4% of the monthly gross profits.
5. Section 150B amended (Revenue sharing)
Section 150B of the Principal Act is amended by inserting after subsection (3) the following subsections:(4) If the Treasurer enters into an agreement with the Government of a State, Territory, country or part of a country under subsection (1) in relation to a tax payable by a licensed provider under section 150A(6A) in respect of a month, the licensed provider must pay to the Treasurer in respect of that month an amount equal to the amount that the Treasurer must pay to that Government under that agreement.(5) The amount payable under subsection (4) –(a) is in addition to the amount payable as tax under section 150A(6A) ; and(b) is to be paid at the same time as that tax.(6) Subsection (1) does not apply in respect of revenue obtained under subsection (4) .
[Second reading presentation speech made in:
House of Assembly on 13 APRIL 2000
Legislative Council on 13 APRIL 2000]