Requirement to lodge final return
54 Requirement to lodge final return
This section applies to a betting operator who—
is a relevant betting operator; and
has a change of status during a financial year.
The betting operator must, not later than 21 days after the end day for the final period to which the change of status relates, lodge a return (a final return) for the taxable wagering revenue of the betting operator for the final period.
Note—
Failure to lodge a final return is an offence against the Taxation Administration Act 2001, section 121.
The final return must—
be in the approved form; and
state the betting operator’s final liability, and any final refund amount, for the final period.
Subsection (2) applies even if the betting operator’s final liability for the final period is nil.
This Act’s bill:Explanatory memorandumSecond reading speech
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