Victorian Current Acts

GAMBLING TAXATION ACT 2023 - SECT 50

    (1)     If the members of a group cease to incur any liability to pay wagering and betting tax under section 44 and do not expect to incur any such liability in the future, the registered designated group entity must, within 14 days after so ceasing—

        (a)     give written notice of that fact to the Commissioner; and

        (b)     unless previously lodged—

              (i)     lodge a group return for the final month in respect of which the members of the group are liable to pay wagering and betting tax under section 44; and

              (ii)     pay any wagering and betting tax to which the group return relates.

    (2)     The notice cancels the registered designated group entity's registration under this Division on the day on which it is received by the Commissioner.