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This is a Bill, not an Act. For current law, see the Acts databases.


Gambling Regulation Amendment (Wagering and Betting Tax) Bill 2021

 Gambling Regulation Amendment (Wagering and
             Betting Tax) Act 2021
                               No.        of 2021


                      TABLE OF PROVISIONS
Clause                                                                 Page
 1        Purpose                                                         1
 2        Commencement                                                    1
 3        Imposition and rate of tax--net wagering revenue of a
          wagering and betting entity                                     1
 4        Imposition and rate of tax--net wagering revenue of a group      2
 5        Repeal of this Act                                              2
                             ═════════════
Endnotes                                                                  3
 1       General information                                              3




                                      i
   Gambling Regulation Amendment
 (Wagering and Betting Tax) Act 2021 
                    No.           of 2021

                           [Assented to                      ]


The Parliament of Victoria enacts:
     1 Purpose
             The purpose of this Act is to amend the Gambling
             Regulation Act 2003 to increase the rate of
             wagering and betting tax.
     2 Commencement
             This Act comes into operation on 1 July 2021.
     3 Imposition and rate of tax--net wagering revenue of
       a wagering and betting entity
             In section 4.6A.3(1) of the Gambling Regulation
             Act 2003, for "8%" substitute "10%".



                              1
Gambling Regulation Amendment (Wagering and Betting Tax) Act 2021
                        No.     of 2021



    4 Imposition and rate of tax--net wagering revenue of
      a group
              In the formula in section 4.6A.15(1) of the
              Gambling Regulation Act 2003, for "8%"
              substitute "10%".
    5 Repeal of this Act
              This Act is repealed on 1 July 2022.
       Note
       The repeal of this Act does not affect the continuing operation of
       the amendments made by it (see section 15(1) of the
       Interpretation of Legislation Act 1984).
                     ═════════════




                                  2
      Gambling Regulation Amendment (Wagering and Betting Tax) Act 2021
                              No.     of 2021

                                         Endnotes


                                     Endnotes
1 General information
  See www.legislation.vic.gov.au for Victorian Bills, Acts and current
  authorised versions of legislation and up-to-date legislative information.
   
       Minister's second reading speech--
       Legislative Assembly:
       Legislative Council:
       The long title for the Bill for this Act was "A Bill for an Act to amend the
       Gambling Regulation Act 2003 to increase the rate of wagering and
       betting tax and for other purposes."




                  By Authority. Government Printer for the State of Victoria.



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