13KRequirement to lodge monthly returns

13K Requirement to lodge monthly returns

13K Requirement to lodge monthly returns

(1) The betting operator must, not later than 21 days after the last day of the month, lodge a return (a monthly return) in relation to the net NSW wagering revenue of the betting operator for the month.

Maximum penalty—100 penalty units.

Note—

Part 6 of the Taxation Administration Act 1996 contains other provisions concerning returns (including provisions relating to the form of return, extensions of time for lodging returns and special tax return arrangements).

(2) A monthly return is to be in an approved form.

(3) Subsection (1) applies even if the betting operator’s monthly liability for the month is nil.

s 13K: Ins 2018 No 69, Sch 1 [4].