From 1 January 2019, if you're a betting service provider licensed in Australia, you must pay a point of consumption tax on all bets made by customers located in NSW at the time the bet was placed:
Betting service providers include:
There are no changes to betting tax and industry funding arrangements paid by the totalizator licensee.
We administer the tax, issue assessments and reassessments, collect the tax and approve payment arrangements. If you’re dissatisfied with an assessment or decision we’ve made, you can lodge an objection or request a reassessment.
Liquor and Gaming NSW is responsible for betting service providers complying with the point of consumption tax.
The tax is 10 per cent of the net NSW wagering revenue that exceeds the financial year threshold for bets placed in NSW.
|From 01/01/2019 to 30/06/2019||$500,000|
|From 01/07/2019 to 30/06/2020||$1 million|
The annual threshold:
Point of consumption tax is legislated under Part 4 of the Betting Tax Act 2001.
If you have questions about the point of consumption tax, contact us.
For enquiries about compliance audits, contact Liquor and Gaming NSW.