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BETTING TAX ACT 2018 - SECT 24
Meaning of taxable wagering revenue
(1) The
"taxable wagering revenue" , of a betting operator, for a period, is the
total wagering revenue of the betting operator for the period less the
total eligible payments of the betting operator for the period.
(2) For
subsection (1) , the
"total wagering revenue" , of a betting operator, for a period, is the total
of— (a) for Queensland totalisator bets made with the betting operator—the
amount worked out under section 26 (1) for the period; and
(b) for
Queensland betting exchange bets made with the betting operator—the amount
worked out under section 27 for the period; and
(c) for Queensland general
bets made with the betting operator—the amount worked out under section 28
(1) for the period; and
(d) any amounts the betting operator became entitled
to retain during the period on account of unclaimed winnings in relation to
Queensland bets; and
(e) any other amounts the betting operator became
entitled to receive during the period as consideration for, or in relation to,
Queensland bets made with the betting operator.
(3) For subsection (1) , the
"total eligible payments" , of a betting operator, for a period, are the total
of— (a) for Queensland totalisator bets made with the betting operator—the
amount worked out under section 26 (2) for the period; and
(b) for
Queensland general bets made with the betting operator—the amount worked out
under section 28 (3) for the period; and
(c) another amount that is
prescribed by regulation for Queensland bets generally or for a Queensland bet
of a particular type.
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