New South Wales Consolidated Acts

GAMING MACHINE TAX ACT 2001 - SECT 17

17 Tax rebate for community development and support expenditure

(1) If the Authority is satisfied, on such evidence as the Authority may require, that a proportion of prescribed profits has been applied by a registered club to community development and support, the amount of tax payable by the club under section 14 (3), (5), (6), (7) or (8) is by this section reduced by an amount equal to the amount so applied, except as provided by subsection (2).

(2) The amount by which tax payable under section section 14 (3), (5), (6), (7) or (8) is reduced by this section cannot exceed an amount equal to 1.5% of the prescribed profits.

(3) However, the amount of tax payable under section section 14 (3), (5), (6), (7) or (8) is not to be reduced by this section if the Authority is satisfied, on the information provided by a CDSE Local Committee in accordance with the CDSE guidelines, that the registered club claiming the reduction has not complied with the CDSE guidelines.

(4) In this section:
"CDSE Local Committee" means a committee established under the CDSE guidelines.
"prescribed profits" means so much of the profits from gaming machines kept on the premises of a registered club during a tax year as exceeds $1,000,000.