Interactive Gambling (Player Protection) Regulation 1998

Subsection (2) applies in relation to a licensed provider if the interactive gambling tax for a month (the reference month) is a negative amount (a tax credit).

In working out the interactive gambling tax payable for the first 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 interactive gambling tax that, apart from this section, would be payable for the first adjustment month.

Subsection (4) applies if—

without applying subsection (2), the interactive gambling 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 interactive gambling tax for the first adjustment month.

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

In relation to interactive gambling tax for a month that is a negative amount, the operation of this section extends only to the 2 months after the month.