Bookmakers Taxation (Amendment) Act 1920 (NSW)

BOOKMAKERS' TAXATION

(AMENDMENT) ACT.

Act No. 33, 1920.

An Act to increase the taxes payable by bookmakers ;

to amend the Finance (Taxat ion) Act , 1915, the Finance Taxation (Management) Act ,

1915, the Finance Taxation (Amendment) Act, 1917, and the Bookmakers (Taxat ion) Act , 1917 ; and for purposes connected there­

with. [Assented to, 29th December, 1920.]

lative Council and Legislative Assembly of New South	BE it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis­
Wales in Parliament assembled, and by the authority of
the same, as follows :-—

1. This Act may he cited as the " Bookmakers Taxa­

tion (Amendment) Act, 1920."

2 . This Act shall come into force on the first day of

January, one thousand nine hundred and twenty-one.

3 . Where any bookmaker is required by any of the

provisions of the Bookmakers (Taxation) Act, 1917, to
pay a tax to His Majesty, he shall in every case pay an additional tax amounting to forty per centum of the tax payable by him under the said Act.

4 . Section thirteen of the Finance (Taxation) Act,

1915, as amended by section four of the Finance
Taxation (Amendment) Act, 1917, is further amended
by omitting the words " two pence " and by substituting
therefor the words " three pence."

G 5.

5. Section five of the Finance Taxation Management Act, 1915, is omitted and the following new section is substituted therefor:—

5.  (1) Every bookmaker shall—

(a)	in the case of cash bets, forthwith issue to the person with whom he bets a duly stamped betting ticket in respect of each such bet; and
(b)	in the case of credit bets, furnish to the

Colonial Treasurer within seven days after
the last day of each month a return,

verified by statutory declaration, showing

the total number of such bets made by such bookmaker during the said month and accompanied by payment of a sum equal to the amount which such book- maker would have paid as stamp duty if he had issued a betting ticket in respect

of each of such bets.

(2) Any bookmaker failing to comply with any

of the provisions of this section shall be liable for

each offence to a penalty of not less than two pounds

nor more than ten pounds.

S Y D N E Y