Victorian Current Acts Victorian Current Acts(1) This section applies—
(a) to a venue operator who conducts or may conduct gaming under gaming machine entitlements in an approved venue in respect of which there is a pub licence, a club licence or a racing club licence in force; and
(b) on and after 16 August 2022.
(2) For each approved venue in which the venue operator conducts or may conduct gaming under gaming machine entitlements, the venue operator must pay to the Commission, to be paid into the Consolidated Fund, the tax calculated as follows—
where—
T is the tax payable for a calendar month;
GM T is the tax per gaming machine entitlement held in respect of which there is a gaming machine installed at the approved venue that is connected to the electronic monitoring system in accordance with this Act in a calendar month determined in accordance with subsection (4);
E is the total number of gaming machine entitlements held by the venue operator in respect of which there is a gaming machine installed at the approved venue that is connected to the electronic monitoring system in accordance with this Act on each day in a calendar month divided by the number of days in that month.
(3) For the purposes of this section, the calendar month of August 2022 is taken to begin on 16 August 2022.
(4) The tax per gaming machine entitlement in a calendar month is the sum of the amounts of average revenue per gaming machine entitlement determined by multiplying those parts of that average revenue per gaming machine entitlement specified in column 1 of the applicable table by the rate specified, opposite those parts of the average revenue per gaming machine entitlement, in—
(a) if the entitlement is a club gaming machine entitlement, column 2 of the applicable table; or
(b) if the entitlement is a hotel gaming machine entitlement, column 3 of the applicable table.
(5) The applicable table for the calendar month of August 2022 is the following Table.
Table for August 2022
|
Column 1 |
Column 2 |
Column 3 |
|---|---|---|
|
|
Rate for club gaming machine entitlement |
Rate for hotel gaming machine entitlement |
|
does not exceed $1376 |
0·00% |
8·33% |
|
exceeds $1376 but does not exceed $3440.86 |
46·70% |
55·03% |
|
exceeds $3440.86 but does not exceed $6451.61 |
51·17% |
57·50% |
|
exceeds $6451.61 |
60·67% |
65·00% |
(6) The applicable table for a calendar month after August 2022 is the following Table.
Table for months after August 2022
|
Column 1 |
Column 2 |
Column 3 |
|---|---|---|
|
|
Rate for club gaming machine entitlement |
Rate for hotel gaming machine entitlement |
|
does not exceed $2666 |
0·00% |
8·33% |
|
exceeds $2666 but does not exceed $6666.67 |
46·70% |
55·03% |
|
exceeds $6666.67 but does not exceed $12 500 |
51·17% |
57·50% |
|
exceeds $12 500 |
60·67% |
65·00% |
(7) In subsection (4) average revenue per gaming machine entitlement means revenue earned by a venue operator in a calendar month from the conduct of gaming under each gaming machine entitlement in the approved venue calculated on the following basis—
where—
TR is the total revenue earned at the approved venue from the conduct of gaming under all gaming machine entitlements in the calendar month;
M T is the average number of gaming machine entitlements in respect of which there is a gaming machine installed at the approved venue that is connected to the electronic monitoring system in accordance with this Act in the calendar month.
(8) In subsection (7) average number of gaming machine entitlements means the sum of the total number of gaming machine entitlements in respect of which there is a gaming machine installed at the approved venue that is connected to the electronic monitoring system in accordance with this Act on each day of the calendar month divided by the number of days in that month.
(9) If the application of subsection (8) results in a total number that is not a whole number, the number that is a rounding up of that number to the next 2 decimal points is to be taken to be the total number.
(10) The tax payable under subsection (2) is payable within 7 days after the end of the calendar month to which the tax relates.
S. 3.6.6D inserted by No. 62/2017 s. 17.