2018 Amendments

Point of consumption tax

The Betting Tax Amendment (Point of Consumption) Act 2018 received assent on 31 October 2018.

From 1 January 2019, betting operators who are licensed in Australia must pay a point of consumption tax on all bets – bookmaker, betting exchange, totalizator, lay-off and free bets – made in person, online or over the phone by customers located in NSW at the time the bet was placed.

Betting operators include:

  • bookmakers
  • a person who operates a betting exchange
  • a person who operates a totalizator

The tax will be 10 percent of the net NSW wagering revenue that exceeds the financial year threshold.

The threshold for 2019-20 is $1 million. From 1 January 2019 to 30 June 2019, the threshold is $500,000.

There will be no changes to current betting tax and industry funding arrangements paid by the totalizator licensee.

We will administer the tax, issue assessments and reassessments, collect the tax and approve payment arrangements.

Liquor & Gaming NSW will conduct compliance audits

Registration

If you’re liable to pay the tax, you must register within seven days after the month your net NSW wagering revenue exceeds the annual threshold.

More information on how to register will be available in the coming months.

Lodging returns

You must lodge a return and pay within 21 days after the end of each month.

Even if the tax payable is zero, you must still lodge a return.

Your June return will be used as an annual reconciliation to recalculate your annual liability.

Calculating wagering revenue

Your net NSW wagering revenue is the sum of:

  1. NSW totalizator bets – total of all your NSW revenue from totalizator pools.
  2. NSW betting exchange bets – total of all your fees and commissions for NSW betting exchange bets.
  3. Other NSW bets – total of all NSW bets, and all fees and commissions related with making the bets (including the face value of any free bets), less: the total winnings paid or payable, and the total refunds paid or payable for those bets (credits from any free bets are not included).
  4. Any amounts you retain due to unclaimed winnings in relation to NSW bets.
  5. Any other amounts you are entitled to be paid for NSW bets.

Refunds

If you overpaid tax in a financial year, your refund will be calculated when you submit your annual or June return.

Contact

Phone
Calling from a mobile? Call 02 9685 2145
Or phone 1300 139 817*
8.30am - 5.00pm Monday to Friday
Email
Liquor & Gaming NSW
1300 024 720
 

Last updated: 5 November 2018