QLDIn ForceAct
Betting Tax Act 2018
sec.7Meaning of free bet
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sec.7 Meaning of free bet
A free bet is a bet made wholly or partly using an amount (a free component ) that— is provided to the person making the bet by the betting operator with whom the bet is made; and an amount provided for making a bet an amount representing a bonus on a previous winning bet an amount representing a refund of all or part of the staked amount for a previous non-winning bet is not immediately redeemable by the person for cash.
- (a) is provided to the person making the bet by the betting operator with whom the bet is made; and Examples of an amount for paragraph (a) — • an amount provided for making a bet • an amount representing a bonus on a previous winning bet • an amount representing a refund of all or part of the staked amount for a previous non-winning bet
- • an amount provided for making a bet
- • an amount representing a bonus on a previous winning bet
- • an amount representing a refund of all or part of the staked amount for a previous non-winning bet
- (b) is not immediately redeemable by the person for cash.
- • an amount provided for making a bet
- • an amount representing a bonus on a previous winning bet
- • an amount representing a refund of all or part of the staked amount for a previous non-winning bet