Commonwealth Consolidated Regulations

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TAXATION ADMINISTRATION REGULATIONS 1976 - REG 44A

Gaming junkets

         (1)   For paragraph 12‑315 (1) (b) of Schedule 1 to the Act, a payment for operating or promoting a junket is prescribed.

         (2)   For subsection 15‑10 (2) of Schedule 1 to the Act, the amount to be withheld from a payment mentioned in subregulation (1) is 3% of the total payment.

         (3)   In this regulation:

"gaming" means playing a game of chance or a game that is partly a game of chance and partly a game of skill.

junket means an arrangement for the promotion or organising of gaming in 1 or more casinos, whether or not any of the casinos is required by an agreement to make a payment, by which:

                (a)    an individual or a group of people comes to Australia for the purpose of gaming at particular casinos; and

               (b)    the entity receives payment, from 1 or more of the casinos, that is:

                          (i)    a reward made in relation to arranging for the individual or the people to go to a casino for gaming; or

                         (ii)    a commission based on the gaming or losses of the individual or group of people.



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