Racing and Wagering Western Australia Tax Act 2003
Racing and Wagering Western Australia Tax Act 2003
Western Australia
Racing and Wagering Western Australia Tax Act 2003
Contents
1.Short title1
2.Commencement1
3.Interpretation1
4.Tax for totalisator wagers2
5.Tax for fixed odds wagers2
Notes
Compilation table3
Provisions that have not come into operation3
Defined terms
Western Australia
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.
This Act may be cited as the Racing and Wagering Western Australia Tax Act 2003.
This Act comes into operation on a day to be fixed by proclamation.
In this Act —
fixed odds wager has the same meaning as in the RWWA Act;
gross revenue, in relation to off‑course racing wagers, means the amount equal to A minus B, where —
(a)A is the amount of all moneys paid to RWWA in respect of those wagers; and
(b)B is the amount of all moneys paid by RWWA by way of winnings in respect of those wagers;
off‑course racing wager has the same meaning as in the RWWA Act section 102;
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.
[Section 3 amended by No. 3 of 2007 s. 4.]
(1)Subject to subsection (2), 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.
(2)The rate of tax imposed by this Act and payable under the RWWA Act in relation to off‑course racing wagers is 11.91% of the gross revenue received by RWWA in respect of those wagers.
[Section 4 amended by No. 3 of 2007 s. 5.]
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.
1This is a compilation of the Racing and Wagering Western Australia Tax Act 2003 and includes the amendments made by the other written laws referred to in the following table 1a.
|
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) |
|
Racing and Wagering Western Australia Tax Amendment Act 2007 |
3 of 2007 |
28 Mar 2007 |
1 Jul 2007 (see s. 2) |
1aOn the date as at which this compilation was prepared, provisions referred to in the following table had not come into operation and were therefore not included in this compilation. For the text of the provisions see the endnotes referred to in the table.
Provisions that have not come into operation
|
Short title |
Number and year |
Assent |
Commencement |
|
Betting Tax Assessment Act 2018 s. 31 and Pt. 8 Div. 1 Subdiv. 3 2 |
37 of 2018 |
12 Dec 2018 |
To be proclaimed (see s. 2(b)) |
2On the date as at which this compilation was prepared, the Betting Tax Assessment Act 2018 s. 31 and Pt. 8 Div. 1 Subdiv. 3 had not come into operation. They read as follows:
31.Racing and Wagering Western Australia Tax Act 2003 repealed
The Racing and Wagering Western Australia Tax Act 2003 is repealed.
Division 1 — Amendments commencing on 1 January 2019
Subdivision 3 — Racing and Wagering Western Australia Tax Act 2003 amended
This Subdivision amends the Racing and Wagering Western Australia Tax Act 2003.
In section 3 in the definition of gross revenue paragraph (b) after “paid” insert:
or payable
[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)
A3
B3
fixed odds wager3
gross revenue3
off‑course racing wager3
RWWA3
RWWA Act3
totalisator3