Payment of amounts to Racing Queensland Board for 2022–2023 financial year
72 Payment of amounts to Racing Queensland Board for 2022–2023 financial year
Section 59B applies in relation to the 2022–2023 financial year as if—
the reference in section 59B(1) to betting tax revenue for the financial year were a reference to the adjusted betting tax revenue for the 2022–2023 financial year; and
the reference in section 59B(2) to 4 instalments were a reference to 2 instalments; and
section 59B(7), definition quarter, paragraphs (a) and (b) were omitted; and
the reference in section 59B(7), definition quarter, paragraph (c) to 1 January were a reference to 1 December.
In this section—
adjusted betting tax revenue, for the 2022–2023 financial year, means the amount worked out using the following formula, rounded to the nearest cent (rounding one-half upwards)—
where—
A means the adjusted betting tax revenue for the 2022–2023 financial year.
R means the betting tax revenue for the 2022–2023 financial year.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.