Dictionary
Schedule 1 Dictionary
section 5
adjusted betting tax amount, for a betting operator, for a final period, for part 2, division 5, see section 39.
administrator, for a person, means—
a receiver, or receiver and manager, of the whole or part of the person’s property; or
if the person is a corporation—a liquidator of the corporation; or
if the person is an individual—
the individual’s trustee in bankruptcy; or
the individual’s personal representative.
amount, of a bet, includes an amount worked out under section 29.
annual betting tax amount, for a betting operator, for a financial year, for part 2, division 4, see section 35.
annual liability see section 36.
annual refund amount see section 37(2).
annual return see section 53(2).
annual threshold amount means $300,000.
approved form means a form approved under section 64.
assessment see the Taxation Administration Act 2001, schedule 2.
bet see section 6.
betting exchange means a facility, electronic or otherwise, that enables persons, through the operator of the facility—
to make bets with, or receive bets from, other persons; or
to make bets that may be—
matched with 1 or more opposing bets made through the operator of the facility; or
transmitted by the operator of the facility to another person for matching with 1 or more opposing bets.
betting exchange bet see section 9.
betting operations see section 13.
betting operator see section 12.
betting tax means betting tax imposed under section 19.
betting tax revenue, for a financial year, see section 59A.
change of status see section 15.
commissioner means the commissioner under the Taxation Administration Act 2001.
end day, for a final period, see section 16(b).
executive officer, of a corporation, means a person who is concerned with, or takes part in, the corporation’s management, whether or not the person is a director or the person’s position is given the name of executive officer.
final liability see section 40.
final period, in relation to a person who has a change of status during a financial year, see section 16.
final refund amount see section 41(2).
final return see section 54(2).
free bet see section 7.
free component see section 7.
general bet see section 10.
lay-off bet see section 8.
monthly liability see sections 32(1) and 33(2).
monthly return see section 50(1).
notice means written notice.
penalty tax see the Taxation Administration Act 2001, schedule 2.
previous final period, in relation to a final period, means a final period that—
starts on the same day as the other final period; but
ends before the other final period.
previous liability, of a betting operator, for a final period, for part 2, division 5, see section 39.
qualifying month, in relation to a financial year, for a betting operator, for part 2, division 3, see section 31.
racing levy rate means 5%.
reassessment see the Taxation Administration Act 2001, schedule 2.
receive includes accept.
relevant betting operator see section 14.
relevant liability, of a betting operator, for a financial year, for part 2, division 4, see section 35.
return means a monthly return, an annual return or a final return.
return date, for lodgement of a return by a betting operator, means the date by which the betting operator is required under part 4 to lodge the return and pay betting tax.
Note—
See the Taxation Administration Act 2001, sections 14 and 30 in relation to the time for payment of betting tax.
tax see the Taxation Administration Act 2001, schedule 2.
taxable wagering revenue, of a betting operator, for a period, see section 24(1).
taxing rate means the rate that is the total of—
either—
the rate, of not more than 15%, prescribed by regulation; or
if a rate is not prescribed under subparagraph (i)—15%; and
the racing levy rate.
taxpayer see the Taxation Administration Act 2001, schedule 2.
telecommunication device means—
a computer adapted for communicating by way of the internet or another communications network; or
a television receiver adapted to allow the viewer to transmit information by way of a cable television network or another communications network; or
a telephone; or
another electronic device or thing for communicating at a distance.
total eligible payments, of a betting operator, for a period, see section 24(3).
totalisator means—
a totalisator within the meaning of the Wagering Act 1998, section 8; or
a system that is substantially similar to a system mentioned in the Wagering Act 1998, section 8(1); or
an instrument, machine or device under which a system mentioned in paragraph (b) is operated.
totalisator bet see section 11.
total wagering revenue, of a betting operator, for a period, see section 24(2).
This Act’s bill:Explanatory memorandumSecond reading speech
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