40
In forceAmendment of Racing and Betting Act
Schedule 1to the Stamp Duty Act is amended –
40 Amendment of Racing and Betting Act
Section
106 of the Racing and Betting Act is amended –
(a)
by omitting subsection (1)(a) and substituting the following:
"(a) 0.0% on amounts wagered by persons in Australia on sporting events, other than horse races, trotting races or greyhound races;
(aa)
0.25% on amounts wagered by persons in New Zealand on sporting events, other than horse races, trotting races or greyhound races;";
(b)
by omitting from subsection (1)(b) "1.55%" and substituting
"1.0%"; and
(c)
by omitting from subsection (2) "1.55%" and substituting
"1.0%".
This Act’s bill:Second reading speech
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