Bookmakers (Taxation) Act 1917 Bookmakers (Taxation) Amendment Regulation 1997 (1997-567) [GG No 117 of 31.10.1997, p 8804] (NSW)

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1999 No 567

New South Wales

Bookmakers (Taxation) Amendment
Regulation 1997
under the
Bookmakers (Taxation) Act 1917
His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Bookmakers (Taxation) Act 1917.
J RICHARD FACE
Minister for Gaming and Racing
Explanatory note
The Bookmakers (Taxation) Act 1917 makes provision for the collection of the tax imposed on bookmakers in relation to any bet or bet back made in connection with a horse race, greyhound race or sports betting event. The object of this Regulation is to change the period in which the tax in connection with a bet or bet back on a sports betting event must be paid and in which a record in relation to the tax must be forwarded to the Minister. At present, the tax is payable, and the record must be forwarded to the Minister, within 7 days after the determination of the event or contingency in relation to which the bet or bet back was made. This Regulation changes that requirement so that, in relation to a sports betting event, the tax must be paid and the record forwarded to the Minister by the Friday immediately following the end of the week in which the relevant bet or bet back was made. The requirements relating to other bets will remain the same.
This Regulation is made under the Bookmakers (Taxation) Act 1917, including sections 12 (Payment of tax), 13 (Bookmakers to keep records) and 38 (the general regulation making power).

Published in Gazette No 117 of 31 October 1997, page 8804 Page 1

1997 No 567

Clause 1

Bookmakers (Taxation) Amendment Regulation 1997

Bookmakers (Taxation) Amendment Regulation

1997

1 Name of Regulation

This Regulation is the Bookmakers (Taxation) Amendment
Regulation 1997.

2 Commencement

This Regulation commences on 1 November 1997.

3 Amendment of Bookmakers (Taxation) Regulation 1996
The Bookmakers (Taxation) Regulation 1996 is amended as set out in Schedule 1.

4 Notes

The explanatory note does not form part of this Regulation.

Page 2

1997 No 567

Bookmakers (Taxation) Amendment Regulation 1997

Amendments Schedule 1

Schedule 1 Amendments

(Clause 3)

[ l ] Clause 4 Notes
Omit “and table of contents''.
Insert instead “, table of contents and notes in this Regulation”.
[2] Clause 8 Distribution of betting records
Omit clause 8 (1) (a) and (b). Insert instead:

(a)

the original must be forwarded to the Minister within the applicable period under section 13 (3) of the Act, as prescribed by clause 12 of this Regulation,

(b)

the second copy must be kept by the bookmaker for at least 6 months from the date on which the event or contingency to which it relates is determined unless, within that time, a demand for it is made by an official of a racing club or racing association, in which case it must be given to the official,
[3] Clause 12
Omit clause 12. Insert instead:
12 Returns by bookmakers: section 13

(1) For the purposes of section 13 (3) (a) of the Act, the
prescribed period is 7 days.

Note. This is the period in which a return relating to a bet or bet back made in connection with a horse race or greyhound race must be forwarded to the Minister.

(2)

For the purposes of section 13 (3) (b) of the Act, the prescribed period is the period ending on the Friday immediately following the end of the week in which the bet or bet back was made.

1997 No 567

Bookmakers (Taxation) Amendment Regulation 1997

Schedule 1

Amendments

[4] Clause 12A
Insert before clause 13 in Part 3:
12A Prescribed period for payment of tax: section 12

(1) For the purposes of paragraph (a) of the definition of prescribed payment period in section 12 (4) of the Act, the prescribed period is 7 days.
Note. This is the period in which the tax in relation to a bet or bet back made in connection with a horse race or greyhound race is payable.
(2) For the purposes of paragraph (b) of the definition of prescribed payment period in section 12 (4) of the Act, the prescribed period is the period ending on the Friday immediately following the end of the week in which the bet or bet back was made.

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Bookmakers (Taxation) Act 1917 - Bookmakers (Taxation) Amendment Regulation 1997 (1997-567) [GG No 117 of 31.10.1997, p 8804] (NSW)

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(1)	For the purposes of section 13 (3) (a) of the Act, the prescribed period is 7 days.
Note. This is the period in which a return relating to a bet or bet back made in connection with a horse race or greyhound race must be forwarded to the Minister.
(2)	For the purposes of section 13 (3) (b) of the Act, the prescribed period is the period ending on the Friday immediately following the end of the week in which the bet or bet back was made.

(1)	For the purposes of paragraph (a) of the definition of *prescribed payment period* in section 12 (4) of the Act, the prescribed period is 7 days.
Note. This is the period in which the tax in relation to a bet or bet back made in connection with a horse race or greyhound race is payable.
(2)	For the purposes of paragraph (b) of the definition of *prescribed payment period* in section 12 (4) of the Act, the prescribed period is the period ending on the Friday immediately following the end of the week in which the bet or bet back was made.