34Deduction of expenses of conducting gaming activities

34 Deduction of expenses of conducting gaming activities

34 Deduction of expenses of conducting gaming activities

(1) This clause does not apply to a gaming activity for which participation is free.

(2) The following amounts are the only amounts that may be deducted from the gross proceeds of a gaming activity—

(a) the reasonable cost of producing or obtaining the tickets or the no-draw lottery cards for the gaming activity,

(b) the reasonable cost of advertising and promoting the gaming activity,

(c) the reasonable cost of hiring or operating a device, or renting premises, for use in the conduct of the gaming activity,

(d) the cost of prizes to be awarded, and the amount of any prize money to be paid, to prize winners,

(e) the amount of any reasonable salaries, wages and commission paid to persons assisting in the conduct of the gaming activity (if permitted under this Part),

(f) the reasonable cost of auditing the accounts relating to the gaming activity,

(g) other amounts that, under an authority, a person or organisation is permitted to deduct from money received in connection with the gaming activity to which the authority relates.