New South Wales Consolidated Acts

GAMING MACHINE TAX ACT 2001 - SECT 13

13 Instalment rate for hoteliers

(1) If the profits from all gaming machines kept in a hotel in an instalment period do not exceed $6,250, the instalment payable is the amount determined by multiplying those profits by tax rate 1 for the tax year in which the instalment period commences.

(2) If the profits from all gaming machines kept in a hotel in an instalment period exceed $6,250, but do not exceed $50,000, the instalment payable is the sum of the following amounts--

(a) the amount determined by multiplying $6,250 by tax rate 1 for the tax year in which the instalment period commences,

(b) the amount determined by multiplying the amount by which those profits exceed $6,250 by tax rate 2 for the tax year in which the instalment period commences.

(3) If the profits from all gaming machines kept in a hotel in an instalment period exceed $50,000, but do not exceed $100,000, the instalment payable is the sum of the following amounts--

(a) the amount determined by multiplying $6,250 by tax rate 1 for the tax year in which the instalment period commences,

(b) the amount determined by multiplying $43,750 by tax rate 2 for the tax year in which the instalment period commences,

(c) the amount determined by multiplying the amount by which those profits exceed $50,000 by tax rate 3 for the tax year in which the instalment period commences.

(4) If the profits from all gaming machines kept in a hotel in an instalment period exceed $100,000, but do not exceed $250,000, the instalment payable is the sum of the following amounts--

(a) the amount determined by multiplying $6,250 by tax rate 1 for the tax year in which the instalment period commences,

(b) the amount determined by multiplying $43,750 by tax rate 2 for the tax year in which the instalment period commences,

(c) the amount determined by multiplying $50,000 by tax rate 3 for the tax year in which the instalment period commences,

(d) the amount determined by multiplying the amount by which those profits exceed $100,000 by tax rate 4 for the tax year in which the instalment period commences.

(5) If the profits from all gaming machines kept in a hotel in an instalment period exceed $250,000, but do not exceed $1,250,000, the instalment payable is the sum of the following amounts--

(a) the amount determined by multiplying $6,250 by tax rate 1 for the tax year in which the instalment period commences,

(b) the amount determined by multiplying $43,750 by tax rate 2 for the tax year in which the instalment period commences,

(c) the amount determined by multiplying $50,000 by tax rate 3 for the tax year in which the instalment period commences,

(d) the amount determined by multiplying $150,000 by tax rate 4 for the tax year in which the instalment period commences,

(e) the amount determined by multiplying the amount by which those profits exceed $250,000 by tax rate 5 for the tax year in which the instalment period commences.

(6) If the profits from all gaming machines kept in a hotel in an instalment period exceed $1,250,000, the instalment payable is the sum of the following amounts--

(a) the amount determined by multiplying $6,250 by tax rate 1 for the tax year in which the instalment period commences,

(b) the amount determined by multiplying $43,750 by tax rate 2 for the tax year in which the instalment period commences,

(c) the amount determined by multiplying $50,000 by tax rate 3 for the tax year in which the instalment period commences,

(d) the amount determined by multiplying $150,000 by tax rate 4 for the tax year in which the instalment period commences,

(e) the amount determined by multiplying $1,000,000 by tax rate 5 for the tax year in which the instalment period commences,

(f) the amount determined by multiplying the amount by which those profits exceed $1,250,000 by tax rate 6 for the tax year in which the instalment period commences.

Note : From the 2010 tax year, tax rates 1 and 2 are nil. Accordingly, an instalment is not payable on profits in an instalment period of up to $50,000.