9Betting tax on totalizator roundings

#### 9 Betting tax on totalizator roundings 9 Betting tax on totalizator roundings > > (1) Betting tax is payable on totalizator roundings. > > > (2) The tax payable is the relevant percentage of the total amount of roundings arising in respect of each day on which a totalizator is conducted by a totalizator licensee on one or more events or contingencies. > > > (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 licensee. > > > (4) The tax is payable within 7 days after the day in respect of which the roundings arose. > > > (5) In this section— > > > > rounding means an amount that would ordinarily form part of a dividend but that is retained by a licensee as a result of the rounding down of an amount calculated as dividend. > > **s 9:** Am 2015 No 66, Sch 1 \[3\] \[4\]; 2022 No 32, Sch 1\[2\].