Queensland Bills Explanatory Notes Queensland Bills Explanatory Notes[Index] [Search] [Download] [Bill] [Help]
1
Casino Control Amendment
CASINO CONTROL AMENDMENT BILL
1996
EXPLANATORY NOTES
Short Title
Casino Control Amendment Act 1996.
Objectives of the Legislation
The proposed legislation will provide for a reduction in the Casino Tax
rate applicable to revenue earned by casinos from premium play from 20%
to 10% for casinos in southern Queensland and 10% to 8% for casinos in
northern Queensland.
Reasons for the Legislation
To permit Queensland casinos to compete with casinos in other
jurisdictions which now have a significant tax advantage in respect of
premium play revenues.
Estimated Cost for Government Implementation
Because of the decline in premium play in Queensland casinos due to
lower taxation rates in other jurisdictions, the proposed legislation will not
impose a cost to the Government and is designed to encourage premium
play in Queensland casinos, resulting in an increase in taxation revenue.
Assessment of Bills Consistency with Fundamental Legislative
Principles
The proposed legislation may be considered inconsistent with
Fundamental Legislative Principles as it is retrospective. However, the
amendment reduces taxes on premium player revenues and therefore does
not disadvantage casino operators.
2
Casino Control Amendment
Consultation
All Queensland casinos support the proposed legislation.
NOTES ON PROVISIONS
Section 1. Short Title
Section 2. Commencement of the Act is retrospective to 1 July 1996
pursuant to Cabinet Decision 00195 of 29 April 1996.
Section 3. The Bill amends the Casino Control Act 1982.
Section 4. Provides definitions and explanations of terms specific to the
amendments.
Section 5. Provides for a different rate of tax to apply to revenues from
premium play.
Section 6. Provides for a contribution from premium play revenue and
casino gross revenue to be applied to the Community Benefit Levy.
Section 7. Provides for the carry forward for up to two months of a tax
credit attributed to casino losses. Such tax credits can be offset against
future casino tax on winnings in those two months.
Section 8. Provides for the carry forward for up to two months of a
Community Benefit Levy credit attributed to casino losses. Such Levy
credit can be offset against future levies on winnings in those two months.
Section 9. Provides definitions peculiar to premium play agreements
which includes special premium play agreements subject to the lower tax
rates.
Section 10. Provides for the recovery of surplus tax paid by casino
operators due to the introduction of the new tax rates from 1 July 1996.
© The State of Queensland 1996