Australian Capital Territory Numbered Acts

GAMING MACHINE AMENDMENT ACT 2020 (NO. 9 OF 2020) - SECT 12

New section 162A (2A)

insert

    (2A)     However, if the licensee's gross revenue in relation to the operation of gaming machines under all authorisation certificates held by the licensee is more than $4 000 000 for the financial year, the amount of the GMT rebate for the licensee under subsection (2) is reduced by $0.50 for each dollar that the licensee's gross revenue for the financial year exceeds $4 000 000.

Example

A licensee's gross revenue for the 2020-2021 financial year is $4 350 000. The amount of GMT rebate the licensee is entitled to under s (2) is $359 125. The amount by which the rebate is reduced under s (2A) is $175 000. Therefore, the amount of GMT rebate for the licensee is $184 125.