sec.24Meaning of taxable wagering revenue

sec.24 Meaning of taxable wagering revenue

The taxable wagering revenue , of a betting operator, for a period, is the total wagering revenue of the betting operator for the period less the total eligible payments of the betting operator for the period. For subsection (1) , the total wagering revenue , of a betting operator, for a period, is the total of— for Queensland totalisator bets made with the betting operator—the amount worked out under section 26 (1) for the period; and for Queensland betting exchange bets made with the betting operator—the amount worked out under section 27 for the period; and for Queensland general bets made with the betting operator—the amount worked out under section 28 (1) for the period; and any amounts the betting operator became entitled to retain during the period on account of unclaimed winnings in relation to Queensland bets; and any other amounts the betting operator became entitled to receive during the period as consideration for, or in relation to, Queensland bets made with the betting operator. For subsection (1) , the total eligible payments , of a betting operator, for a period, are the total of— for Queensland totalisator bets made with the betting operator—the amount worked out under section 26 (2) for the period; and for Queensland general bets made with the betting operator—the amount worked out under section 28 (2) for the period; and another amount that is prescribed by regulation for Queensland bets generally or for a Queensland bet of a particular type. s 24 amd 2022 No. 30 s 4 (sec.24-ssec.1) The taxable wagering revenue , of a betting operator, for a period, is the total wagering revenue of the betting operator for the period less the total eligible payments of the betting operator for the period. (sec.24-ssec.2) For subsection (1) , the total wagering revenue , of a betting operator, for a period, is the total of— for Queensland totalisator bets made with the betting operator—the amount worked out under section 26 (1) for the period; and for Queensland betting exchange bets made with the betting operator—the amount worked out under section 27 for the period; and for Queensland general bets made with the betting operator—the amount worked out under section 28 (1) for the period; and any amounts the betting operator became entitled to retain during the period on account of unclaimed winnings in relation to Queensland bets; and any other amounts the betting operator became entitled to receive during the period as consideration for, or in relation to, Queensland bets made with the betting operator. (sec.24-ssec.3) For subsection (1) , the total eligible payments , of a betting operator, for a period, are the total of— for Queensland totalisator bets made with the betting operator—the amount worked out under section 26 (2) for the period; and for Queensland general bets made with the betting operator—the amount worked out under section 28 (2) for the period; and another amount that is prescribed by regulation for Queensland bets generally or for a Queensland bet of a particular type.