New South Wales Consolidated Acts

BETTING TAX ACT 2001 - SECT 12

12 Rebate of tax to racing clubs

(1) The Minister may, by order published in the Gazette, give directions for the allowance of a rebate of the betting tax payable under Part 2 in relation to a race meeting by a licensee that is a racing club when the race meeting turnover in relation to a race meeting is less than:

(a) an amount specified in the direction, or

(b) an amount calculated in accordance with the provisions of the direction.

(2) The total amount of betting tax required to be paid by a racing club in relation to a race meeting is reduced by the amount of any rebate to which the club is entitled under a direction under this section.

(3) A direction under this section cannot make provision for the allowance of a rebate in respect of any betting tax payable on bets made with the racing club that section 17 of the Totalizator Act 1997 (Requirements for conduct of on-course totalizators by racing clubs) provides are to be received by the racing club as an agent for the TAB.

(4) In this section:
"race meeting" means a race meeting held by one racing club on one racecourse.
"race meeting turnover", in relation to a race meeting, means the amount calculated in accordance with the relevant direction of the Minister as race meeting turnover.