Racing and Wagering Western Australia Tax Act 2003

 

Racing and Wagering Western Australia Tax Act 2003

CONTENTS

1.Short title1

2.Commencement2

3.Interpretation2

4.Tax for totalisator wagers2

5.Tax for fixed odds wagers2

Notes

Compilation table3

 

Racing and Wagering Western Australia Tax Act 2003

An Act to impose a tax on money paid in respect of wagers made through or with Racing and Wagering Western Australia.

1.Short title

This Act may be cited as the Racing and Wagering Western Australia Tax Act 2003.

2.Commencement

This Act comes into operation on a day to be fixed by proclamation.

3.Interpretation

In this Act —

“fixed odds wager” has the same meaning as in the RWWA Act;

“RWWA” means Racing and Wagering Western Australia established under the RWWA Act;

“RWWA Act” means the Racing and Wagering Western Australia Act 2003;

“totalisator” has the same meaning as in the RWWA Act.

4.Tax for totalisator wagers

The rate of tax imposed by this Act and payable under the RWWA Act in relation to wagers included in a totalisator is 5% of all moneys paid to RWWA in respect of those wagers made through or with RWWA under the RWWA Act.

5.Tax for fixed odds wagers

The rate of tax imposed by this Act and payable under the RWWA Act in relation to fixed odds wagers is —

(a)2% of all moneys paid to RWWA in respect of fixed odds wagers made on horse or greyhound races; and

(b)0.5% of all moneys paid to RWWA in respect of fixed odds wagers made on events, including sporting events,

through or with RWWA under the RWWA Act.

 

Notes

1This is a compilation of the Racing and Wagering Western Australia Tax Act 2003. The following table contains information about that Act.

Compilation table

Short title

Number and Year

Assent

Commencement

Racing and Wagering Western Australia Tax Act 2003

37 of 2003

26 Jun 2003

30 Jan 2004 (see s. 2 and Gazette 30 Jan 2004 p. 397)