New South Wales Consolidated Acts

GAMING MACHINE TAX ACT 2001 - SECT 12

12 Annual rate for hoteliers

(1) If the profits from all gaming machines kept in a hotel in a tax year do not exceed $25,000, tax is payable on the profits at the rate of tax rate 1 for the tax year.

(2) If the profits from all gaming machines kept in a hotel in a tax year exceed $25,000, but do not exceed $200,000, tax is payable:

(a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and

(b) on so much of those profits as exceeds $25,000 at the rate of tax rate 2 for the tax year.

(3) If the profits from all gaming machines kept in a hotel in a tax year exceed $200,000, but do not exceed $400,000, tax is payable:

(a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and

(b) on $175,000 of those profits at the rate of tax rate 2 for the tax year, and

(c) on so much of those profits as exceeds $200,000 at the rate of tax rate 3 for the tax year.

(4) If the profits from all gaming machines kept in a hotel in a tax year exceed $400,000, but do not exceed $1,000,000, tax is payable:

(a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and

(b) on $175,000 of those profits at the rate of tax rate 2 for the tax year, and

(c) on $200,000 of those profits at the rate of tax rate 3 for the tax year, and

(d) on so much of those profits as exceeds $400,000 at the rate of tax rate 4 for the tax year.

(5) If the profits from all gaming machines kept in a hotel in a tax year exceed $1,000,000, but do not exceed $5,000,000, tax is payable:

(a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and

(b) on $175,000 of those profits at the rate of tax rate 2 for the tax year, and

(c) on $200,000 of those profits at the rate of tax rate 3 for the tax year, and

(d) on $600,000 of those profits at the rate of tax rate 4 for the tax year, and

(e) on so much of those profits as exceeds $1,000,000 at the rate of tax rate 5 for the tax year.

(6) If the profits from all gaming machines kept in a hotel in a tax year exceed $5,000,000, tax is payable:

(a) on $25,000 of those profits at the rate of tax rate 1 for the tax year, and

(b) on $175,000 of those profits at the rate of tax rate 2 for the tax year, and

(c) on $200,000 of those profits at the rate of tax rate 3 for the tax year, and

(d) on $600,000 of those profits at the rate of tax rate 4 for the tax year, and

(e) on $4,000,000 of those profits at the rate of tax rate 5 for the tax year, and

(f) on so much of those profits as exceeds $5,000,000 at the rate of tax rate 6 for the tax year.