13Proportional licence fee if increase in gaming machine authorities

13 Proportional licence fee if increase in gaming machine authorities

(1)  In this regulation –

increased number, in relation to gaming machine authorities endorsed on a venue licence, means the number of gaming machine authorities endorsed on that venue licence after the venue licence has been amended to increase the number of gaming machine authorities endorsed on that licence.

(2)  For section 148(5) of the Act, the proportional licence fee to be paid for additional gaming machine authorities endorsed on a venue licence is to be calculated in accordance with the following formula:

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where –

A is the proportional licence fee to be calculated for the additional gaming machine authorities;

B is the venue licence fee that would have been payable under section 148(1)(a) of the Act for the full financial year if the number of gaming machine authorities endorsed on the venue licence were the increased number;

C is the venue licence fee payable under section 148(1)(a) of the Act for the full financial year;

D is the number of days in that financial year;

E is the number of days in the quarter for which the number of gaming machine authorities endorsed on the licence is the increased number.