Betting tax on commission on totalizator betting
(1) Betting tax is payable by a totalizator licensee on the commission deducted (under section 69 of the Totalizator Act 1997 ) from the total amount invested in each totalizator conducted by the licensee.
(2) The tax payable is:
(a) the relevant percentage of the total amount so deducted each day on which the totalizator licensee conducts a totalizator on one or more events or contingencies, or
(b) any lower percentage of that amount that the Governor may declare, on the recommendation of the Minister, by order published in the Gazette.
The relevant percentage is:
(e) in respect of a totalizator conducted on or after 1 July 2020-7.6%.