Australian Capital Territory Repealed Acts

This legislation has been repealed.

CASINO CONTROL ACT 1988 (REPEALED) - SECT 16A

    (1)     Commission-based player tax is payable in respect of the completed commission-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 commission-based player tax is payable.

    (3)     Commission-based player 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:

"commission-based player chips" means chips supplied by the casino licensee for commission-based gaming.

"completed commission-based player scheme", in relation to a month, means a commission-based player scheme in relation to which commission-based gaming is completed during that month, irrespective of whether the commission-based gaming commenced in that month or previously.

"completed commission-based profit", in relation to a month, means the total profit derived during that month from completed commission-based player schemes irrespective of whether the profit relates to gaming occurring in that month or previously.

"profit", in relation to a commission-based player scheme, means an amount ascertained by deducting from the amount received by the casino licensee from commission-based gaming in the casino under the scheme the amount paid out to persons participating in the scheme as winnings in respect of that gaming, and then—

        (a)     if the value of unredeemed commission-based player chips held by the participants in the scheme after its completion is greater than the value of unredeemed commission-based player chips (being chips originally purchased for the purposes of a previous scheme) used in the course of commission-based gaming in relation to the scheme—adding to the amount so ascertained the difference between those values; or

        (b)     if the value of unredeemed commission-based player chips held by the participants in the scheme after its completion is less than the value of unredeemed commission-based player chips (being chips originally purchased for the purposes of a previous scheme) used in the course of commission-based gaming in relation to the scheme—deducting from the amount so ascertained the difference between those values.