13POffset of tax to totalizator licensee

#### 13P Offset of tax to totalizator licensee 13P Offset of tax to totalizator licensee > > (1) A totalizator licensee is entitled, for a financial year, to an offset against the point of consumption tax payable by the licensee in an amount equal to the sum of the following— > > > > > (a) the amount of betting tax under Part 2 paid by the licensee for that financial year less any offset for the financial year under section 11, > > > > > (b) the tax reduction amount for that financial year paid by the licensee under section 70 of the [Totalizator Act 1997](/view/html/inforce/current/act-1997-045). > > > (2) For the avoidance of doubt, if in relation to a financial year the amount of a totalizator licensee’s offset under this section is greater than the amount of the totalizator licensee’s point of consumption tax liability under this Part, the totalizator licensee is not entitled to a refund of that excess amount. > > > (3) Nothing in this Part requires a totalizator licensee to pay point of consumption tax for any period before the offset under this section for that period is applied to that liability. > > > > Note— > > > > Division 2 of Part 6 of the [Taxation Administration Act 1996](/view/html/inforce/current/act-1996-097) enables the Chief Commissioner to approve special arrangements for the lodging of returns and payment of tax under taxation laws. > > **s 13P:** Ins 2018 No 69, Sch 1 \[4\].