Western Australia
Racing and Wagering Western Australia Tax Amendment Act 2007
CONTENTS
1. Short title 1
2. Commencement 2
3. The Act amended 2
4. Section 3 amended 2
5. Section 4 amended 2
Western Australia
Racing and Wagering Western Australia Tax Amendment Act 2007
No. 3 of 2007
An Act to amend the Racing and Wagering Western Australia Tax Act 2003.
[Assented to 28 March 2007]
The Parliament of Western Australia enacts as follows:
1. Short title
This is the Racing and Wagering Western Australia Tax Amendment Act 2007.
2. Commencement
This Act comes into operation on the day on which the Racing and Wagering Legislation Amendment Act 2007 comes into operation.
3. The Act amended
The amendments in this Act are to the Racing and Wagering Western Australia Tax Act 2003*.
[* Act No. 37 of 2003.]
4. Section 3 amended
Section 3 is amended after the definition of “fixed odds wager” by inserting —
“
“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;
”.
5. Section 4 amended
(1) Section 4 is amended by deleting “The” and inserting instead —
“
(1) Subject to subsection (2), the
”.
(2) At the end of section 4 the following subsection is inserted —
“
(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.
”.
