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Racing Bets Levy Amendment Regulations 2021

🔴 High UrgencyResources · Regulations

Amends the Racing Bets Levy Regulations 2009 regarding levy amounts for betting exchange bets.

Details

Locations
Western Australia
Amounts
1 % - turnover
$3,000,000 - turnover
31.8 % - gross revenue
$1,000 - turnover
Notice Date
9 April 2021
Effective Date
1 May 2021

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.

WA Government Gazette No. 64/2021 · 9 April 2021 · Page 11
View Gazette PDF - Page 11
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