Australian Capital Territory Current Regulations Australian Capital Territory Current Regulations(1) This section applies if a licensed provider paid to the Commonwealth an amount in relation to the provider's liability for a global GST amount (the GST paid ) during a month.
(2) If the GST paid is less than the interactive gambling tax payable for the month, the amount of interactive gambling tax for which the licensed provider is liable is reduced by the GST paid.
(3) If the GST paid is equal to or more than interactive gambling tax payable for the month, the licensed provider is not liable for interactive gambling tax for the month.
(4) In this section:
"global GST amount"—see the GST provision.
"GST provision" means the A New Tax System (Goods and Services Tax) Act 1999
(Cwlth), section 126- 10 (which deals with tax on gambling revenue).
"GST tax period" means a tax period mentioned in the GST provision.