Gaming Machine Tax Act 2001

There is established in the Special Deposits Account an account to be called the ClubGRANTS Fund (the Fund).

The Fund is to be administered by the Secretary of the Department of Customer Service.

The following is to be paid into the Fund—

money paid into the Fund under subsections (5) and (6),

money advanced to the Fund by the Treasurer,

the interest and any other amounts from time to time accruing from the investments of the Fund,

other money required or permitted to be paid into the Fund by or under this or any other Act.

There is payable from the Fund—

expenditure approved by the Minister administering the Registered Clubs Act 1976 to support and develop, by way of grant, large scale projects or services associated with sport, health or community infrastructure that are defined in the ClubGRANTS guidelines as Category 3 projects and services,

administrative expenses incurred in relation to the Fund,

money that is directed to be paid from the Fund by or under this or any other Act.

There is to be paid, without further appropriation than this Act, into the Fund out of the Consolidated Fund, within 1 month after the end of each tax year for registered clubs, an amount equal to 0.4% of the prescribed profits of each registered club during the tax year.

A registered club may pay amounts of money into the Fund.

In this section, prescribed profits has the same meaning as in section 17.