Racing Bets Levy Amendment Regulations 2021
Amends the Racing Bets Levy Regulations 2009 regarding levy amounts for betting exchange bets.
Details
Notice Text
These regulations amend the Racing Bets Levy Regulations 2009. The levy amount for betting exchange bets placed or accepted on or after 1 May 2021 is set out in this regulation. The amount is 1% of turnover for each month beginning with May 2021 unless subregulation (3) or (4) applies. If turnover reaches $3 000 000, the amount is 31.8% of gross revenue for each month, or part of a month, after turnover reaches $3 000 000. No amount is payable for any month during which turnover does not reach $1 000.
๐ Amendment History - Racing Bets Levy Regulations 2009
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