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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Racing and Wagering Western Australia Tax
Amendment Bill 2006
CONTENTS
1. Short title 2
2. Commencement 2
3. The Act amended 2
4. Section 3 amended 2
5. Section 4 amended 3
168--1 page i
Western Australia
LEGISLATIVE ASSEMBLY
Racing and Wagering Western Australia Tax
Amendment Bill 2006
A Bill for
An Act to amend the Racing and Wagering Western Australia Tax
Act 2003.
The Parliament of Western Australia enacts as follows:
page 1
Racing and Wagering Western Australia Tax Amendment Bill 2006
s. 1
1. Short title
This is the Racing and Wagering Western Australia Tax
Amendment Act 2006.
2. Commencement
5 This Act comes into operation on the day on which the Racing
and Wagering Legislation Amendment Act 2006 comes into
operation.
3. The Act amended
The amendments in this Act are to the Racing and Wagering
10 Western Australia Tax Act 2003*.
[* Act No. 37 of 2003.]
4. Section 3 amended
Section 3 is amended after the definition of "fixed odds wager"
by inserting --
15 "
"gross revenue", in relation to off-course racing
wagers, means the amount equal to A minus B,
where --
(a) "A" is the amount of all moneys paid to
20 RWWA in respect of those wagers; and
(b) "B" is the amount of all moneys paid by
RWWA by way of winnings in respect of
those wagers;
"off-course racing wager" has the same meaning as in
25 the RWWA Act section 102;
".
page 2
Racing and Wagering Western Australia Tax Amendment Bill 2006
s. 5
5. Section 4 amended
(1) Section 4 is amended by deleting "The" and inserting instead --
"
(1) Subject to subsection (2), the
5 ".
(2) At the end of section 4 the following subsection is inserted --
"
(2) The rate of tax imposed by this Act and payable under
the RWWA Act in relation to off-course racing wagers
10 is 11.91% of the gross revenue received by RWWA in
respect of those wagers.
".
page 3
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