Meaning of net ACT betting revenue
7 Meaning of net ACT betting revenue
In this Act:
net ACT betting revenue, for a financial year, is worked out as follows:
PC means the total of any—
refunds of ACT bets made by the betting operator during the financial year; and
prescribed costs paid by the betting operator during the financial year.
TB means the total amount of all ACT bets placed with, or using a service provided by, the betting operator during the financial year.
TF means the total of any fees, commissions, or other amounts prescribed by regulation, associated with placing bets or using the service, paid to the betting operator during the financial year.
W means the total amount of all winnings paid or payable by the betting operator in relation to ACT bets during the financial year.
This Act’s bill:Explanatory statementSecond reading speech
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