Racing Taxation (Betting Tax) Act 1952 Racing Taxation (Betting Tax) Order 2000 (2000-403) [GG No 97 of 28.7.2000, p 6697] (NSW)

2000 No 403

Racing Taxation (Betting Tax) Order 2000	New South Wales
under the

Racing Taxation (Betting Tax) Act 1952

GORDON SAMUELS, Governor I, the Honourable Gordon Samuels AC, CVO, Governor of the State of New South Wales, with the advice of the Executive Council, and on the recommendation of the Treasurer, and in pursuance of section 3 (1) of the Racing Taxation (Betting Tax) Act 1952, make the following Order.

Signed at Sydney, this 26th day of July 2000.

By His Excellency’s Command,

J. RICHARD FACE, M.P.,

Minister for Gaming and Racing

Explanatory note

The object of this Order is to declare a tax rate of 0.5% in relation to bets on certain sports betting events where the form of the bets involves 4 or less outcomes. This Order is made under section 3 (1) of the Racing Taxation (Betting Tax) Act 1952.

Published in Gazette No 97 of 28 July 2000, page 6697	Page 1
[2]
2000 No 403
Clause 1	Racing Taxation (Betting Tax) Order 2000

Racing Taxation (Betting Tax) Order 2000

1     Name of Order

This Order is the Racing Taxation (Betting Tax) Order 2000.

2 Commencement

This Order commences on 1 August 2000.

3 Definition

In this Order:
the Act means the Racing Taxation (Betting Tax) Act 1952.

4     Rate of sports betting tax

For the purposes of section 3 (1) of the Act, a rate of tax of 0.5% is declared in relation to any specified sports bet where the form of the bet involves 4 or less outcomes.

5 Notes

The explanatory note does not form part of this Order.

BY AUTHORITY