Queensland Numbered Acts

BETTING TAX ACT 2018 - SECT 32

32 Amount of monthly liability generally

(1) The betting operator’s liability (
"monthly liability" ) for betting tax for the month is the amount that applies under subsection (2) , (3) or (4) for the month.

(2) For any month of a financial year before the qualifying month, if any, the amount is nil.

(3) For the qualifying month of a financial year, the amount is the amount worked out by applying the taxing rate to the difference between—

(a) the taxable wagering revenue of the betting operator for the period starting on 1 July in the financial year and ending on the last day of the qualifying month; and

(b) the annual threshold amount.

(4) For any month of a financial year after the qualifying month, the amount is—

(a) if the taxable wagering revenue of the betting operator for the month is nil or a negative amount—nil; or

(b) otherwise—the amount worked out by applying the taxing rate to the taxable wagering revenue of the betting operator for the month.

(5) Subsections (3) and (4) are subject to section 33 .