Gaming Machine Act 1991

Subsection (2) applies to a licensee if the gaming machine tax payable by the licensee for a month (the reference month) is a negative amount (a tax credit).

In working out the gaming machine tax payable for the month after the reference month (the first adjustment month), the tax credit for the reference month is, to the extent possible, to be set off against the gaming machine tax that, apart from this section, would be payable for the first adjustment month.

Subsection (4) applies if—

without applying subsection (2), the gaming machine tax for the first adjustment month is a negative amount; or

after applying subsection (2), part of the tax credit (the tax credit balance) for the reference month has not been set off against gaming machine tax for the first adjustment month.

In working out the gaming machine tax payable for the month after the first adjustment month (the second adjustment month), the tax credit, or tax credit balance, for the reference month, is, to the extent possible, to be set off against the gaming machine tax that, apart from this subsection, would be payable for the second adjustment month.