The GST rebate is available to clubs only and is based on actual gaming profits supplied by the Data Monitoring Services (DMS) which
|Net profit per per year||Calculation|
|Less than $100,000||Net profit x 9.09%|
|$100,000 to $200,000||(Net profit x 9.09%) - [(Net profit - 100,000) x 1%]|
|$200,000 to $1,000,000||(Net profit x 9.09%) - [(Net profit - 200,000) x 20%+100,000 x 1% - (Net profit - 200,000) x 10.91%]|
|More than $1,000,000||(Net profit x 9.09%) - [(Net profit - 1,000,000) x 24.75%+800,000 x 20%+100,000 x 1% - (Net profit - 1,000,000) x 15.66%-800,000 x 10.91%]|
The rebate is
We assess your eligibility for the rebate in September each year based on whether you reached the gaming revenue threshold of $55,000 in the June to August quarter.
The rebate will be deposited into your nominated bank account.
Your rebate is based on data from the previous financial year, so overpayments and underpayments can occur.
A club may
However, if gaming metered profits at the end of the year do not reach the projected $200,000 there will have been an over-payment.
A club may
It’s possible that the club would not receive the maximum first quarter payment and, over the year, exceed $200,000 in gaming profits.
The club would have earned the maximum rebate of $17,180 and may have been underpaid.