New South Wales Consolidated Acts

BETTING TAX ACT 2001 - SECT 18

18 Proportion of tax paid in respect of totalizator on non-racing events to be paid into Sport and Recreation Fund

(1) This section applies to betting by means of a totalizator on any sporting event.

(2) An amount equivalent to a proportion of the betting tax paid under this Act in respect of betting to which this section applies is to be paid into the Sport and Recreation Fund established under the Public Lotteries Act 1996 .

(3) The proportion to be deducted is the proportion fixed by the Treasurer by order made after consultation with the Minister administering the provision of the Public Lotteries Act 1996 under which the Sport and Recreation Fund is established.

(4) Amounts required to be paid into the Sport and Recreation Fund under this section are to be paid from the Consolidated Fund, which is appropriated accordingly.