Monthly returns
36 Monthly returns
(1) A licensee must each month lodge with the Commissioner of Territory Revenue a return in respect of the licensee's commission deducted for the immediately preceding month.
The return is to:
(a) be lodged when the licensee pays the wagering tax for the month to which the return relates;
(b) set out the computation of the licensee's commission and the amount of wagering tax payable by the licensee for that month;
(c) contain any other information required by the Commissioner of Territory Revenue; and
(d) be presented in a form approved by the Commissioner of Territory Revenue.
Maximum penalty: In the case of a natural person – 100 penalty units.
In the case of a body corporate – 500 penalty units.
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