147
CurrentLiability for levy
Part 5Taxes, levies and Racing and Wagering Fund
Division 2Levies
147 Liability for levy
(1) A levy to provide funding for the Racing and Wagering Fund is established.
(2) The following licensees must pay the levy to the Racing and Wagering Fund on or before the 14th day of each month:
(a)
a betting exchange licensee;
(b)
a sports bookmaker licensee.
(3)
A levy paid by a licensee under this Division is not refundable.
(4) Payment of the levy by electronic means takes effect when the amount is credited to the Territory.
(5) Payment of the levy by cheque takes effect when the cheque is cleared on first presentation.
This Act’s bill:Explanatory statementSecond reading speech
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