8Betting tax on commission on totalizator betting

#### 8 Betting tax on commission on totalizator betting 8 Betting tax on commission on totalizator betting > > (1) Betting tax is payable by a totalizator licensee on the commission deducted (under section 69 of the [Totalizator Act 1997](/view/html/inforce/current/act-1997-045)) from the total amount invested in each totalizator conducted by the licensee. > > > (2) The tax payable is— > > > > > (a) the relevant percentage of the total amount so deducted each day on which the totalizator licensee conducts a totalizator on one or more events or contingencies, or > > > > > (b) any lower percentage of that amount that the Governor may declare, on the recommendation of the Minister, by order published in the Gazette. > > > (2A) The relevant percentage is— > > > > > (a) in respect of a totalizator conducted during the period commencing on 1 July 2015 and ending on 30 June 2016—16.2%, or > > > > > (b) in respect of a totalizator conducted during the period commencing on 1 July 2016 and ending on 30 June 2018—13.5%, or > > > > > (c) in respect of a totalizator conducted during the period commencing on 1 July 2018 and ending on 30 June 2019—12.17%, or > > > > > (d) in respect of a totalizator conducted during the period commencing on 1 July 2019 and ending on 30 June 2020—10.7%, or > > > > > (e) in respect of a totalizator conducted during the period commencing on 1 July 2020 and ending on 30 June 2022—7.6%, or > > > > > (f) in respect of a totalizator conducted on or after 1 July 2022—3.49%. > > > (3) The tax is payable by the totalizator licensee conducting the relevant totalizator. > > > (4) The tax is payable within 7 days after the day in respect of which the tax is payable. > > > (5) A tax is not payable under this section on any amount that is applied by the totalizator licensee in rounding up an amount calculated as dividend. > > **s 8:** Am 2015 No 66, Sch 1 \[1\] \[2\]; 2022 No 32, Sch 1\[1\].