Totalisator Agency Board Betting Tax Act 1960

This Act was repealed by the Racing and Gambling Legislation Amendment and Repeal Act 2003 s. 33 (No. 35 of 2003) as at 30 Jan 2004 (see s. 2 and Gazette 30 Jan 2004 p. 397).

 

 

Totalisator Agency Board Betting Tax Act 1960

Contents

1.Short title1

2.Totalisator Agency Board betting tax for totalisator bets1

3.Totalisator Agency Board betting tax for fixed odds bets1

Notes

Compilation table3

Defined terms

 

Totalisator Agency Board Betting Tax Act 1960

An Act to impose a tax on money paid in respect of bets made through or with the Totalisator Agency Board established under the Totalisator Agency Board Betting Act 1960.

1.Short title

This Act may be cited as the Totalisator Agency Board Betting Tax Act 1960 1.

2.Totalisator Agency Board betting tax for totalisator bets

The rate of Totalisator Agency Board betting tax imposed by this Act and payable under the Totalisator Agency Board Betting Act 1960, in relation to bets included in a totalisator, is 5% of all moneys paid to the Totalisator Agency Board in respect of those bets made through or with that Board under the provisions of that Act.

[Section 2 amended by No. 59 of 1966 s. 2; No. 78 of 1970 s. 3; No. 15 of 1983 s. 3; No. 66 of 1988 s. 21; No. 64 of 1995 s. 6; No. 41 of 1999 s. 4.]

3.Totalisator Agency Board betting tax for fixed odds bets

(1)The rate of Totalisator Agency Board betting tax imposed by this Act and payable under the Totalisator Agency Board Betting Act 1960, in relation to fixed odds bets, is —

(a)2.0% of all moneys paid to the Totalisator Agency Board in respect of fixed odds bets made on horse or greyhound races; and

(b)0.5% of all moneys paid to the Totalisator Agency Board in respect of fixed odds bets made on events, including sporting events,

through or with that Board under the provisions of that Act.

(2)In subsection (1) —

“fixed odds bet” has the meaning given to that term in the Totalisator Agency Board Betting Act 1960.

[Section 3 inserted by No. 41 of 1999 s. 5.]

 

Notes

1This is a compilation of the Totalisator Agency Board Betting Tax Act 1960 and includes the amendments made by the other written laws referred to in the following table.

Compilation table

Short title

Number and year

Assent

Commencement

Totalisator Agency Board Betting Tax Act 1960

54 of 1960

28 Nov 1960

28 Nov 1960

Totalisator Agency Board Betting Tax Act Amendment Act 1966

59 of 1966

12 Dec 1966

12 Dec 1966

Totalisator Agency Board Betting Tax Act Amendment Act 1970

78 of 1970

30 Nov 1970

1 Jan 1971 (see s. 2)

Totalisator Agency Board Betting Tax Amendment Act 1983

15 of 1983

31 Oct 1983

1 Nov 1983 (see s. 2)

Acts Amendment (Racing Industry) Act 1988 Pt. 4 2

66 of 1988

22 Dec 1988

1 Aug 1988 (see s. 2(1))

Acts Amendment (Betting Tax) Act 1995 Pt. 3

64 of 1995

27 Dec 1995

28 Jun 1996 (see s. 2 and Gazette 25 Jun 1996 p. 2901)

Totalisator Agency Board Betting Tax Amendment Act 1999

41 of 1999

16 Nov 1999

15 Jan 2000 (see s. 2 and Gazette 14 Jan 2000 p. 153)

Reprint of the Totalisator Agency Board Betting Tax Act 1960 as at 18 Jan 2002
(includes amendments listed above)

This Act was repealed by the Racing and Gambling Legislation Amendment and Repeal Act 2003 s. 33 (No. 35 of 2003) as at 30 Jan 2004 (see s. 2 and Gazette 30 Jan 2004 p. 397)

2The Acts Amendment (Racing Industry) Act 1988 Pt. 7 contained transitional provisions that are unlikely to have any further effect. 

 

 

Defined terms

 

[This is a list of terms defined and the provisions where they are defined. The list is not part of the law.]

Defined termProvision(s)

fixed odds bet3(2)