51Casino supervisory levy

51 Casino supervisory levy

51 Casino supervisory levy

(1) For the purposes of section 115A(2) of the Act, the casino supervisory levy is—

(a) for the 2022–23 financial year—$19,000,000, and

(b) for each following financial year—the amount of the levy for the preceding financial year plus 2.5% of that amount.

(2) For the purposes of section 115A(3) of the Act, the levy is to be paid—

(a) by means of electronic funds transfer to an account nominated in writing by the NICC, and

(b) for the 2022–23 financial year—on a pro-rata basis for the part of the financial year—

(i) starting when the Casino Legislation Amendment Act 2022 commences, and

(ii) ending on 30 June 2023, and

(c) for each following financial year—by way of 12 equal instalments, with each instalment being paid before the end of each month in the financial year, and

(d) in equal proportions by each casino operator.

(3) The Minister is to review the amount of the levy at least once every 5 years.

(4) (Repealed)

cl 51: Am 2022 No 36, Sch 2[21]–[23]; 2022 (782), Sch 1[1].