Racing Taxation (Betting Tax) Act 1952 (NSW)

RACING TAXATION (BETTING TAX) ACT.

Act No. 19, 1952.

EUzabethii, An Act to impose certain taxes in respect of Ho. ^1952. bookmakers; and for purposes connected

therewith. [Assented to, 12th September,.

1952.] ,

BE,

Appropriation Act. ISS

T>E it enacted by the Queen’s Most Excellent Majesty, -L) by and with the advice and consent of the Legis­ lative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows:—

Slioit title,

1, (1) This Act may be cited as the “ Pacing Taxation construction

(Betting Tax) Act, 1952.”

and com-

iiuneement.

(2) This Act shall be read and construed with

Part IVb of the Bookmakers (Taxation) Act, 1917-1952.

(3) This Act shall commence upon a day to bo

appointed by the Governor and notified by proclamation

published in the Gazette.

2. There shall be charged, levied, collected, and paid, imposition

subject to the provisions of Part IVb of the Bookmakers (Taxation) Act, 1917-1952, and the regulations made thereunder, for the use of Her Majesty and for credit of the Consolidated Revenue Fund, in lieu of the tax imposed by the Racing Taxation (Betting Tax) Act, 1939, a tax at the rate of one per centum of the total amount of the bets made by backers with any bookmaker whether before or after the commencement of this Act, upon any event or contingency of or relating to a horse­ race or to greyhound-racing as defined in the Gaming and Betting Act, 1912-1951, determined after the commence­ ment of this Act.