Queensland Numbered Acts

BETTING TAX ACT 2018 - SECT 53

53 Requirement to lodge annual return

(1) This section applies to a betting operator who, on 30 June in a financial year, is a relevant betting operator.

(2) The betting operator must, not later than 21 days after the end of the financial year, lodge a return (an
"annual return" ) for the taxable wagering revenue of the betting operator for the financial year.

Note—

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

(3) The annual return must—

(a) be in the approved form; and

(b) state the betting operator’s annual liability, and any annual refund amount, for the financial year.

(4) Subsection (2) applies—

(a) whether or not the betting operator was required to lodge monthly returns during the financial year; and

(b) even if the betting operator’s annual liability for the financial year is nil.

(5) However, subsection (2) does not apply if the betting operator—

(a) lodged, or was required under section 54 to lodge, a final return during the financial year; and

(b) did not conduct betting operations during the financial year after the end day for the final period for which the final return was lodged or required to be lodged.

Note—

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