100Application of section 47N

100 Application of section 47N (1) Section 47N applies to a Licensee who is party to an agreement (an existing type 2 agreement) that: (a) was entered into with the Minister under section 47C before the commencement and remains in force on the commencement; and (b) relates to the conduct of an internet gaming business by the Licensee that would, after the commencement, be a type 2 business as defined in section 47A. (2) From the commencement, the provisions of the existing type 2 agreement are taken to be varied as follows: (a) a provision that requires the Licensee to pay tax is taken to require the Licensee to pay tax calculated in accordance with section 47N;