Levies
14 Levies
(1) For section 148(1) of the Act, the prescribed amount of the levy payable by a betting exchange licensee for a month is calculated using the following formula:
L = (AC x R) – D
where:
AC is the total amount of commissions retained or received by the licensee during the month, not including commissions on free or bonus wagers.
D is the amount of any deduction allowed under subregulation (3).
L is the amount of the levy.
R is 0.05%.
(2) For section 148(2) of the Act, the prescribed amount of the levy payable by a sports bookmaker licensee for a month is calculated using the following formula:
L = [(AL – AW) x R] – D
where:
AL is the total amount of wagers made by the licensee with persons during the month, not including free or bonus wagers.
AW is the total amount paid by the licensee to persons for wagers during the month.
D is the amount of any deduction allowed under subregulation (3).
L is the amount of the levy.
R is 0.05%.
(3) For subregulations (1) and (2), the Director may allow the following licensees a deduction equal to the amount of any donation or sponsorship given in a year by the licensee to a community organisation in the Territory up to a maximum of $250 000:
a betting exchange licensee;
a sports bookmaker licensee.
(4) The deduction referred to in subregulation (3) may be pro-rated as a monthly deduction.
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