Gaming and Betting (Poker Machines) Taxation Amendment Act 1979 (NSW)
G A M I N G A N D B E T T I N G (POKER M A C H I N E S )
T A X A T I O N A M E N D M E N T A C T , 1 9 7 9 , N o . 6 1 ANNO VICESIMO OCTAVO
ELIZABETHE II REGINE
Act N o . 6 1 , 1979 .
An Act to amend the Gaming and Betting (Poker Machines) Taxation Act, 1956, to reduce the license tax payable by certain clubs, to make the scale of supplementary license tax concessions more even, and for the purposes of statute law revision. [Assented to, 11th May, 1979.1
| See also Gaming and Betting (Poker Machines) Amendment Act, 1979. |
BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows :—
1. This Act may be cited as the "Gaming and Betting (Poker
Machines) Taxation Amendment Act, 1 9 7 9 " . 2. The Gaming and Betting (Poker Machines) Taxation Act,
1 9 5 6 , is amended in the manner set forth in Schedule 1.
SCHEDULE 1.
A M E N D M E N T S TO THE GAMING AND BETTING (POKER MACHINES)
TAXATION A C T , 1 9 5 6 .
( 1 ) Section 2 B —
Omit the section.
( 2 ) Section 5 —
Omit the section. (3) Section 5A ( 2 ) —
Omit the subsection, insert instead :—
( 2 ) The license tax (in this subsection referred to as "the full license tax") which would, but for this subsection and section 3, be payable by a club in relation to a license under Part I I I A of the Gaming and Betting Act, 1 9 1 2 , in respect of the period of 1 2 months (in this subsection referred to as "the relevant period") ending 30th June in 1 9 7 9 , or in any subsequent year, shall, where the net
SCHEDULE 1—continued.
| A M E N D M E N T S | TO THE GAMING | AND BETTING | (POKER | M A C H I N E S ) |
TAXATION A C T , 1956—continued.
takings from poker machines derived by the club during the period of 12 months ending 31st May in the rele t period from the keeping, use or operation of po* • machines are within a range of net takings from poker machines specified in Column 1 of the Schedule to this subsection, be reduced by the percentage of the full license tax specified, or determined in the manner specified, in Column 2 of .that 'Schedule opposite that range of net takings.
SCHEDULE.
Column 1. Column 2.
| Range of Net Takings from | Rate of Concession as | Percentage |
Poker Machines. of Full License Tax.
| Exceeding | Not | exceeding |
$ $
0 30,000 95 %
30,000 32,500 ( 9 5 - a ) % , where a is .01 multiplied by the number of dollars by which those net takings exceed
$30,000.
32,500 100,000 7 0 %
| 100,000 | 104,000 | ( 7 0 - 6 ) % , where | b | is .005 multiplied | by the |
number of dollars by which those net takings
exceed $100,000.
| 104,000 | 150,000 | 5 0 % | |||
| 150,000 | 155,000 | (50 -c ) %, where c is .002 multiplied by the number of dollars by which those net takings exceed $150,000. | |||
| 155,000 | 200,000 | 4 0 % | |||
| 200,000 | 205,000 | (40-d) %, where d is .002 multiplied by the number of dollars by which those net takings exceed $200,000. | |||
| 205,000 | 250,000 | 3 0 % | |||
| 250,000 | 255,000 | ( 3 0 - e ) %, where e is .002 multiplied by the number of dollars by which those net takings exceed $250,000. | |||
| 255,000 | 290,000 | 2 0 % | |||
| 290,000 | 300,000 |
|
of dollars by which those net takings exceed
$290,000.SCHEDULE 1—continued.
A M E N D M E N T S TO THE GAMING AND B E T T I N G ( P O K E R M A C H I N E S )
TAXATION A C T , 1956—continued.
(4) (a ) Section 6 (4 ) ( b ) , ( c ) — Omit the paragraphs, insert instead :—
(b) Where in respect of the period of 12 months ending 30th November, 1979, or any subsequent period of 12 months ending 30th November the aggregrate net revenue from poker machines derived by a club during that period from the keeping, use or operation of poker machines by the club is more than $50,000 but not more than $65,000, the supplementary license tax payable by the club in respect of the taxing period ending 30th November aforesaid shall be an amount equivalent to the difference between—
(i) the supplementary license tax calculated at
the rate of 65 cents for each dollar by which that aggregrate net revenue so exceeds $50,000; and
(ii) any supplementary license tax paid in respect of the taxing period ended 31st
May within that period of 12 months.
(b) Section 6 (4 ) ( d ) —
Omit "seventy-five", insert instead "seventy-nine".
(c) Section 6 (4 ) ( d ) — Omit "$61,800", insert instead "$65,000".
SCHEDULE 1—continued.
| A M E N D M E N T S | TO THE | GAMING | AND BETTING | (POKER | M A C H I N E S ) |
TAXATION A C T , 1956—cont inued.
(d) Section 6 ( 4 ) ( e ) —
Omit ", ( c ) " .
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