47MPayments of fees, taxes and levies – type 1 business

47M Payments of fees, taxes and levies – type 1 business (1) This section applies to a Licensee who: section 47C; and Gaming Control Act 1993 35 (b) has been granted a licence under this Division to conduct a type 1 business. (2) The Licensee must pay to the Territory, at the times specified in the agreement, the fees (if any) for the licence specified in, or calculated in accordance with, the agreement. (3) Without limiting the Licensee's liability to pay any other tax under a law of the Territory, the Licensee must also pay to the Territory, at the times specified in the agreement: (a) subject to subsection (4), the tax (if any) specified in, or calculated in accordance with, the agreement; and (b) the levies (if any) specified in, or calculated in accordance with, the agreement. (4) The tax is to be calculated at the rate of 50% or, if the agreement specifies a higher rate, the rate specified in the agreement.