Racing Bets Levy Act 2009

Racing Bets Levy Regulations 2009

 

Racing Bets Levy Regulations 2009

Contents

1.Citation1

2.Commencement1

3.Terms used1

4.Levy amount prescribed1

Notes

Compilation table1

Defined Terms

 

Racing Bets Levy Act 2009

Racing Bets Levy Regulations 2009

1.Citation

These regulations are the Racing Bets Levy Regulations 2009 1.

2.Commencement

These regulations come into operation as follows —

(a)regulations 1 and 2 — on the day on which these regulations are published in the Gazette;

(b)the rest of the regulations — on the day after that day.

3.Terms used

In these regulations —

premium thoroughbred racing season means the period beginning on 1 November in any year and ending on 1 January in the next year;

racing year means the 12 months beginning on 1 August in any year and ending on 31 July in the next year;

thoroughbred racing has the meaning given in the Racing and Wagering Western Australia Act 2003 section 3(1).

[Regulation 3 inserted in Gazette 15 Feb 2013 p. 957-8.]

4.Levy amount prescribed

(1)The amount by way of levy to be paid under the Betting Control Act 1954 section 14A(2) by a betting operator in respect of racing bets placed or accepted on or after 1 September 2008 and before 1 November 2012 is —

(a)1.5% of turnover for each month beginning with September 2008; or

(b)either 20% of gross revenue for each month or 0.2% of turnover for each month beginning with September 2008, whichever is the greater, or if the amounts are equal, that amount.

(2)The amount by way of levy to be paid under the Betting Control Act 1954 section 14A(2) by a betting operator in respect of racing bets placed or accepted on or after 1 November 2012 and before 1 April 2013 is as follows —

(a)in the case of racing bets placed or accepted on thoroughbred racing occurring during the premium thoroughbred racing season, 2% of turnover for each month beginning with November 2012;

(b)in the case of all other racing bets, 1.5% of turnover for each month beginning with November 2012.

(3)The amount by way of levy to be paid under the Betting Control Act 1954 section 14A(2) by a betting operator in respect of racing bets placed or accepted on or after 1 April 2013 and before 1 August 2013 is as follows —

(a)1% of turnover for each month beginning with April 2013, unless paragraph (b) applies;

(b)if turnover reaches $833 333, calculated from the 1 April 2013, 1.5% of turnover for each month, or part of a month, after turnover reaches $833 333,

but no amount by way of levy is to be paid for any month during which turnover does not reach $1 000.

(4)The amount by way of levy to be paid under the Betting Control Act 1954 section 14A(2) by a betting operator in respect of racing bets placed or accepted on or after 1 August 2013 is as follows —

(a)1% of turnover for each month beginning with August 2013, unless paragraph (b) applies;

(b)if turnover reaches $2 500 000, calculated from the beginning of the racing year —

(i)in the case of racing bets placed or accepted on thoroughbred racing occurring during the premium thoroughbred racing season, 2% of turnover for each month, or part of a month, after turnover reaches $2 500 000;

(ii)in the case of all other racing bets, 1.5% of turnover for each month, or part of a month, after turnover reaches $2 500 000,

but no amount by way of levy is to be paid for any month during which turnover does not reach $1 000.

[Regulation 4 amended in Gazette 12 Oct 2012 p. 4851‑2; 15 Feb 2013 p. 958-9.]

[5.Deleted in Gazette 12 Oct 2012 p. 4852.]

 

Notes

1This is a compilation of the Racing Bets Levy Regulations 2009 and includes the amendments made by the other written laws referred to in the following table.

Compilation table

Citation

Gazettal

Commencement

Racing Bets Levy Regulations 2009

8 Jan 2010 p. 27‑8

r. 1 and 2: 8 Jan 2010 (see r. 2(a));
Regulations other than r. 1 and 2: 9 Jan 2010 (see r. 2(b))

Racing Bets Levy Amendment Regulations 2012

12 Oct 2012 p. 4851‑2

r. 1 and 2: 12 Oct 2012 (see r. 2(a));
Regulations other than r. 1 and 2: 13 Oct 2012 (see r. 2(b))

Racing Bets Levy Amendment Regulations 2013

15 Feb 2013 p. 957-9

r. 1 and 2: 15 Feb 2013 (see r. 2(a));
Regulations other than r. 1 and 2: 1 Apr 2013 (see r. 2(b))

 

 

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)

premium thoroughbred racing season3

racing year3

thoroughbred racing3