Australian Capital Territory Repealed Acts

This legislation has been repealed.

CASINO CONTROL ACT 1988 (REPEALED) - SECT 16

    (1)     General tax is payable in respect of the noncommission-based profit derived by the casino licensee each month in connection with the operation of the casino.

    (2)     The Minister may, in writing, determine the rate at which general tax is payable.    

    (3)     General tax is payable to the Territory by the casino licensee at the times and in the way that is specified in the relevant determination under subsection (2).

    (4)     A determination under subsection (2) is a notifiable instrument.

Note      A notifiable instrument must be notified under the Legislation Act 2001 .

    (5)     In this section:

"chips" does not include chips supplied by the casino for
commission-based gaming.

"noncommission-based gaming" means gaming other than commission-based gaming.

"noncommission-based profit", in relation to a month, means an amount ascertained by deducting from the total amount received by the casino licensee in that month from noncommission-based gaming in the casino the amount paid out during that month as winnings in respect of that gaming, and then—

        (a)     if the value of unredeemed chips at the end of that month is greater than the value of unredeemed chips at the beginning of that month—adding to the amount so ascertained the difference between those values; or

        (b)     if the value of unredeemed chips at the end of that month is less than the value of unredeemed chips at the beginning of that month—deducting from the amount so ascertained the difference between those values.