Victorian Consolidated Legislation

Casino Control Act 1991 - SECT 81J

Tax

81J. Tax



(1) In this section-

base amount has the same meaning as in clause 22.3 of the Management
Agreement;

gross betting revenue means the total amount invested in approved betting
competitions conducted by a casino operator in a period less the total amount
paid out as winnings on approved betting competitions during that period;

GST Act means the A New Tax System (Goods and Services Tax) Act 1999 of the
Commonwealth;

State tax credit for a casino operator in respect of a month, means an amount
equal to the amount that would be determined under Division 126 of the GST Act
as the casino operator's global GST amount for that month if the only gambling
supplies by the casino operator attributable to that month were gambling
supplies related to approved betting competitions conducted by the casino
operator during that month;

Management Agreement means the Management Agreement set out in Schedule 1 to
the Casino (Management Agreement) Act 1993.

(2) Subject to subsection (2A), a casino operator must pay to the Treasurer,
in respect of each month in which approved betting competitions are conducted
in the casino, a tax equal to-

   (a)  for the period until 30 June 1997, 20%; and

   (b)  on and from 1 July 1997, 211/4%-

of the gross betting revenue during each such month.

(2A) The amount of tax payable by a casino operator under subsection (2) in
respect of a month is to be reduced by the State tax credit for the casino
operator in respect of that month.

(2B) A casino operator must give the Treasurer any information the Treasurer
requires to determine the State tax credit for the casino operator in respect
of a month.

(3) Tax payable under subsection (2) is payable within 7 days after the end of
each month in which approved betting competitions are conducted.

(4) In addition to the tax payable under subsection (2), the casino operator
must pay to the Treasurer, in respect of each financial year commencing 1 July
in which the gross betting revenue during that year exceeds the base amount,
additional tax calculated in accordance with clauses 22.3, 22.4, 22.6 and 22.7
of the Management Agreement, as if a reference to Gross Gaming Revenue were a
reference to gross betting revenue.

(5) Additional tax payable under subsection (4) is payable within 7 days after
the end of each financial year.

(6) If a casino operator does not pay an amount of tax payable under this
section within the period in which it is so payable, the operator is liable to
pay interest at the rate prescribed by the regulations on that amount from the
date on which the payment was due until payment.

(7) The Commission may, if it thinks fit, mitigate or remit an amount of
interest due under subsection (6).