Victorian Current Acts Victorian Current Acts(1) In relation to each public lottery conducted under a public lottery licence, the public lottery licensee must—
(a) lodge a return with the Commission; and
(b) pay to the Commission to be paid into the Consolidated Fund the required percentage of player loss.
(2) The required percentage of player loss is—
(a) in relation to an AFL footy tipping competition—
(i) 58·41% of the player loss that is in respect of supplies on which GST is payable; and
(ii) 67·50% of the player loss that is in respect of supplies on which GST is not payable;
(b) in relation to a soccer football pool—
(i) 57·52% of the player loss that is in respect of supplies on which GST is payable; and
(ii) 68% of the player loss that is in respect of supplies on which GST is not payable;
(c) in relation to any other public lottery—
(i) 79·40% of the player loss that is in respect of supplies on which GST is payable; and
(ii) 90% of the player loss that is in respect of supplies on which GST is not payable.
(3) The return must be in the form, and contain the particulars, required by the Commission.
(4) The return must be lodged, and payment made, not later than the 7 days after the determination of the public lottery to which the return relates.
(5) In this section—
"player loss", in relation to a public lottery, means the total amount paid by all players to enter the public lottery less—
(a) the sum of all prizes payable from that total amount (other than prizes payable from a jackpot prize pool) and any refunds made to players from that total amount; and
(b) the sum of amounts determined under the lottery rules for the public lottery for payment in respect of that total amount to a jackpot prize pool.