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This is a Bill, not an Act. For current law, see the Acts databases.
New South Wales
State Revenue Legislation Amendment Bill
2022
Contents
Page
1 Name of Act 2
2 Commencement 2
Schedule 1 Amendment of Betting Tax Act 2001 No 43 3
Schedule 2 Amendment of Land Tax Act 1956 No 27 5
Schedule 3 Amendment of Payroll Tax Act 2007 No 21 6
Schedule 4 Amendment of Totalizator Act 1997 No 45 7
I certify that this public bill, which originated in the Legislative Assembly, has finally passed
the Legislative Council and the Legislative Assembly of New South Wales.
Clerk of the Legislative Assembly.
Legislative Assembly,
Sydney, , 2022
New South Wales
State Revenue Legislation Amendment Bill
2022
Act No , 2022
An Act to make miscellaneous amendments to certain State revenue legislation in connection with
the Budget for the financial year 2022-23; and for other purposes.
I have examined this bill and find it to correspond in all respects with the bill as finally
passed by both Houses.
Assistant Speaker of the Legislative Assembly.
State Revenue Legislation Amendment Bill 2022 [NSW]
The Legislature of New South Wales enacts--
1 Name of Act
This Act is the State Revenue Legislation Amendment Act 2022.
2 Commencement
This Act commences, or is taken to have commenced, on 1 July 2022.
Page 2
State Revenue Legislation Amendment Bill 2022 [NSW]
Schedule 1 Amendment of Betting Tax Act 2001 No 43
Schedule 1 Amendment of Betting Tax Act 2001 No 43
[1] Section 8 Betting tax on commission on totalizator betting
Omit section 8(2A)(e). Insert instead--
(e) in respect of a totalizator conducted during the period commencing on
1 July 2020 and ending on 30 June 2022--7.6%, or
(f) in respect of a totalizator conducted on or after 1 July 2022--3.49%.
[2] Section 9 Betting tax on totalizator roundings
Omit section 9(2A)(e). Insert instead--
(e) in respect of a totalizator conducted during the period commencing on
1 July 2020 and ending on 30 June 2022--7.6%, or
(f) in respect of a totalizator conducted on or after 1 July 2022--3.49%.
[3] Section 10 Betting tax on approved betting activities
Omit section 10(2A)(a)(v). Insert instead--
(v) during the period commencing on 1 July 2020 and ending on 30
June 2022--4.38%, or
(vi) on or after 1 July 2022--8.47%, or
[4] Section 10(2A)(b)
Omit "10.91%". Insert instead "15%".
[5] Section 11 Offset of betting tax paid by totalizator licensee
Omit section 11(1).
[6] Section 11(2)(a) and (3)
Omit "19.11%" wherever occurring. Insert instead "15%".
[7] Section 11(2)(b) and (4)
Omit "10%" wherever occurring. Insert instead "15%".
[8] Section 13C Liability to pay point of consumption tax
Omit "10%" from section 13C(2)(b).
Insert instead "15%".
[9] Section 13D Tax to be paid monthly
Omit "10%" from section 13D(3) and (4)(b).
Insert instead "15%".
[10] Section 13M Appropriation and payment of revenue to industry
Omit "2% of taxable net NSW wagering revenue generated during that financial year" from
section 13M(1).
Insert instead "33% of the prescribed amount"
[11] Section 13M(5)
Omit the subsection. Insert instead--.
(5) In this section--
Page 3
State Revenue Legislation Amendment Bill 2022 [NSW]
Schedule 1 Amendment of Betting Tax Act 2001 No 43
prescribed amount, for a financial year, means the amount of point of
consumption tax payable under this Part during the financial year, less the
amount of any offset against the point of consumption tax under section 13P.
quarter means a period of 3 months ending on 31 March, 30 June, 30
September or 31 December.
Page 4
State Revenue Legislation Amendment Bill 2022 [NSW]
Schedule 2 Amendment of Land Tax Act 1956 No 27
Schedule 2 Amendment of Land Tax Act 1956 No 27
[1] Section 5A Levy of surcharge land tax on residential land owned by foreign
persons--2017 and subsequent land tax years
Omit "in any other year (commencing with 2017)" from section 5A(2)(b).
Insert instead "in the years 2017-2021".
[2] Section 5A(2)(c)
Insert at the end of section 5A(2)(b)--
, and
(c) in the case of all residential land owned by the foreign person at
midnight on 31 December in any other year, commencing with 2022--
4% of that taxable value as assessed under the Principal Act.
Page 5
State Revenue Legislation Amendment Bill 2022 [NSW]
Schedule 3 Amendment of Payroll Tax Act 2007 No 21
Schedule 3 Amendment of Payroll Tax Act 2007 No 21
Section 66EA
Insert after section 66E--
66EA Wages funded by Commonwealth Aged Care Workforce Bonus Grant
Opportunity
(1) Wages paid or payable on or after 1 February 2022 are exempt wages to the
extent that they are funded by a payment (an Aged Care Workforce Bonus
payment) made under the program established by the Commonwealth and
known as the Aged Care Workforce Bonus Grant Opportunity.
(2) An overpayment of Aged Care Workforce Bonus payments is to be
disregarded in calculating the amount of Aged Care Workforce Bonus
payments for the purposes of subsection (1).
Page 6
State Revenue Legislation Amendment Bill 2022 [NSW]
Schedule 4 Amendment of Totalizator Act 1997 No 45
Schedule 4 Amendment of Totalizator Act 1997 No 45
Section 70 Payment of tax reduction amount
Omit section 70(2)(b). Insert instead--
(b) the total amount of betting tax that would be payable by TAB Limited
under the Betting Tax Act 2001, sections 8-10 in respect of the quarter
if the relevant percentage in the sections was 15%.
Page 7
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