Queensland Numbered Acts

BETTING TAX ACT 2018 - SECT 50

50 Requirement to lodge monthly returns

(1) The betting operator must, not later than 21 days after the last day of the month, lodge a return (a
"monthly return" ) for the taxable wagering revenue of the betting operator for the month.

Note—

Failure to lodge a monthly return is an offence against the Taxation Administration Act 2001 , section 121 .

(2) The monthly return must—

(a) be in the approved form; and

(b) state the betting operator’s monthly liability for the month.

(3) Subsection (1) applies even if the betting operator’s monthly liability for the month is nil.

(4) However, subsection (1) does not apply for the last month of a financial year.

(5) If the commissioner considers it would be unduly onerous to require the betting operator to lodge monthly returns within the period mentioned in subsection (1) , the commissioner may, by notice given to the betting operator, extend the period within which the betting operator is required to lodge 1 or more monthly returns.

(6) The commissioner may at any time, by notice given to the betting operator, revoke a notice given under subsection (5) .

(7) This section is subject to sections 51 and 52.

Note—

The lodgement of an annual return or final return by the betting operator does not, of itself, affect the betting operator’s obligation to lodge a monthly return.