Betting Tax Assessment Act 2018 (WA)

Western Australia Betting Tax Assessment Act 2018 Western Australia Betting Tax Assessment Act 2018 Contents Part 1 — Preliminary 1. Short title 2 2. Commencement 2 3. Relationship with other Acts 2 4. Terms used 2 5. Betting operations 5 Part 2 — Taxable betting revenue 6. References to WA bets 6 7. Taxable betting revenue 6 8. Particular payments excluded in working out eligible payments 7 9. Betting revenue: WA betting exchange bets 9 10. Betting revenue and eligible payments: WA pooled bets 9 11. Betting revenue and eligible payments: WA general bets 10 12. Amount of bets generally 10 13. Free components 11 14. Betting operator to identify location of individual or principal place of business 11 Part 3 — Liability and assessment 15. Betting tax payable on taxable betting revenue 13 16. Time for payment of betting tax 13 17. Betting operator liable to pay betting tax 13 18. Annual reconciliation 14 Part 4 — Registration and returns 19. Application for registration 16 20. Registration 16 21. Cancellation of registration 16 22. Returns 17 23. Exemption from lodging monthly returns 17 Part 5 — Miscellaneous 24. Arrangements for avoidance may be disregarded 19 25. Keeping records 20 26. Regulations 21 Part 6 — Transitional provisions 27. First assessment period and threshold amount 22 28. Betting revenue relating to bets placed before 1 January 2019 22 29. Eligible payments relating to bets placed before 1 January 2019 22 Part 7 — Repeals 30. Bookmakers Betting Levy Act 1954 repealed 23 31. Racing and Wagering Western Australia Tax Act 2003 repealed 23 Part 8 — Other Acts amended Division 1 — Amendments commencing on 1 January 2019 Subdivision 1 — Betting Control Act 1954 amended 32. Act amended 24 33. Section 27E amended 24 34. Part 6 inserted 24 Part 6 — Transitional provisions for Betting Tax Assessment Act 2018 34. Application of s. 14, 15 and 16 on or after 1 January 2019 24 35. Application of s. 18A on or after 1 January 2019 25 Subdivision 2 — Racing and Wagering Western Australia Act 2003 amended 35. Act amended 25 36. Section 68 amended 25 37. Section 77 amended 25 38. Section 102 amended 25 39. Section 106 amended 26 40. Section 107B inserted 26 107B. Allocation and distribution of proportion of funds from betting tax 26 41. Part 9 inserted 27 Part 9 — Transitional provisions for Betting Tax Assessment Act 2018 123. Application of s. 102 on or after 1 January 2019 27 124. Application of s. 107 on or after 1 January 2019 27 Subdivision 3 — Racing and Wagering Western Australia Tax Act 2003 amended 42. Act amended 27 43. Section 3 amended 28 Subdivision 4 — Taxation Administration Act 2003 amended 44. Act amended 28 45. Section 3 amended 28 46. Section 17 amended 28 47. Section 114 amended 28 Division 2 — Amendments commencing on proclamation Subdivision 1 — Betting Control Act 1954 amended 48. Act amended 29 49. Long title amended 29 50. Section 4 amended 29 51. Section 11E amended 30 52. Section 12 amended 30 53. Section 13 amended 30 54. Section 14A amended 31 55. Sections 14B to 16 deleted 31 56. Section 17 amended 32 57. Section 17A amended 32 58. Sections 18 and 18A deleted 32 59. Section 18B amended 33 60. Section 19 deleted 34 61. Section 33 amended 35 62. Part 6 deleted 35 Subdivision 2 — Gaming and Wagering Commission Act 1987 amended 63. Act amended 35 64. Section 7 amended 35 65. Section 9 amended 35 66. Section 110A amended 35 Subdivision 3 — Racing and Wagering Western Australia Act 2003 amended 67. Act amended 36 68. Section 68 amended 36 69. Section 77 amended 36 70. Section 102 deleted 36 71. Section 105 deleted 36 72. Section 106 amended 36 73. Section 107 deleted 36 74. Section 114 deleted 37 75. Part 9 deleted 37 Subdivision 4 — Racing Penalties (Appeals) Act 1990 amended 76. Act amended 37 77. Section 24 amended 37 Notes Compilation table 38 Defined terms Western Australia Betting Tax Assessment Act 2018 An Act — * relating to the assessment and collection of tax on taxable betting revenue; and * to repeal the Bookmakers Betting Levy Act 1954 and the Racing and Wagering Western Australia Tax Act 2003; and * to make consequential and other amendments to various Acts. The Parliament of Western Australia enacts as follows: