Queensland Consolidated Regulations

LOTTERIES REGULATION 2007 - REG 7

7 Lottery tax—Act, s 94

(1) This section prescribes, for section 94 (2) of the Act , the calculation and payment of the lottery tax.

(2) The lottery tax is payable for each month.

(3) The lottery tax must be paid on or before the seventh day of the month immediately following the month for which the tax is payable.

(4) The
"gross tax amount" for a month is the total of the following amounts—

(a) 73.48% of the lottery operator’s monthly gross revenue for the month from declared lotteries;

(b) 55% of the lottery operator’s monthly gross revenue for the month from the approved lottery known as instant scratch-its.

(5) The lottery tax payable for a month is the gross tax amount for the month minus the smaller of the following amounts—

(a) the global GST amount for the month;

(b) the gross tax amount for the month.