Homeโ€บBillsโ€บBill 94

๐Ÿ“œ Betting Tax Assessment Bill 2018

Assented toLABill 9410 October 2018

The Betting Tax Assessment Bill 2018 introduces a point of consumption tax on betting revenue in Western Australia. It repeals the Bookmakers Betting Levy Act 1954 and the Racing and Wagering Western Australia Tax Act 2003, and amends other related Acts.

Impact

Betting operators will be affected as they will be required to pay a 15% tax on taxable betting revenue exceeding $150,000 annually. This aims to create a level playing field and generate revenue for Western Australia.

Key Changes

["Introduces a point of consumption betting tax.", "Repeals the Bookmakers Betting Levy Act 1954.", "Repeals the Racing and Wagering Western Australia Tax Act 2003."]

Parliamentary Progress

  1. LA IntroducedLA10 Oct 2018
  2. LA Second Reading MovedLA10 Oct 2018
  3. LA AmendedLA31 Oct 2018
  4. LA Second Reading AgreedLA31 Oct 2018
  5. LA Consideration in DetailLA31 Oct 2018
  6. LC Second Reading MovedLC1 Nov 2018
  7. LA Third ReadingLA1 Nov 2018
  8. LC Third ReadingLC4 Dec 2018
  9. LC Second Reading AgreedLC4 Dec 2018
  10. Royal Assent12 Dec 2018
Affected Sectors
financeother

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