12Rebate of tax to racing clubs

#### 12 Rebate of tax to racing clubs 12 Rebate of tax to racing clubs > > (1) The Minister may, by order published in the Gazette, give directions for the allowance of a rebate of the betting tax payable under Part 2 in relation to a race meeting by a licensee that is a racing club when the race meeting turnover in relation to a race meeting is less than— > > > > > (a) an amount specified in the direction, or > > > > > (b) an amount calculated in accordance with the provisions of the direction. > > > (2) The total amount of betting tax required to be paid by a racing club in relation to a race meeting is reduced by the amount of any rebate to which the club is entitled under a direction under this section. > > > (3) A direction under this section cannot make provision for the allowance of a rebate in respect of any betting tax payable on bets made with the racing club that section 17 of the [Totalizator Act 1997](/view/html/inforce/current/act-1997-045) (Requirements for conduct of on-course totalizators by racing clubs) provides are to be received by the racing club as an agent for the TAB. > > > (4) In this section— > > > > race meeting means a race meeting held by one racing club on one racecourse. > > > > race meeting turnover, in relation to a race meeting, means the amount calculated in accordance with the relevant direction of the Minister as race meeting turnover. > > **s 12:** Am 2001 No 112, Sch 2.4 \[1\].