18CTransitional regulation for calculation of community support levy

18C Transitional regulation for calculation of community support levy

[Regulation 18C Inserted by S.R. 2023, No. 28, Applied:01 Jul 2023]

(1)  In this regulation –

changeover day means 1 July 2023;

former Act means the Act as in force immediately before the changeover day;

jackpot increment, for a hotel or club gaming machine, means the amount by which a gaming jackpot prize on that gaming machine increases from its approved initial value by the contributions from turnover;

transitional casino licence holder means the holder of a general casino licence who held a casino licence under the former Act.

(2)  Any jackpot special prize pool held by a transitional casino licence holder under the former Act immediately before the changeover day is to be included, for the purposes of calculating the community support levy under section 151 of the Act, in the gross profits derived by that licence holder from gaming machine games during the month immediately following the changeover day.

(3)  A jackpot increment paid to the holder of a venue licence under clause 10(3) of Part 8 of Schedule 5 to the Act is to be included, for the purposes of calculating the community support levy under section 151 of the Act, in the gross profits derived by that licence holder from gaming machine games during the month immediately following the changeover day.

(4)  The holder of a gaming operator’s licence under the former Act may, for the purposes of calculating the community support levy under section 151 of the former Act, deduct from its monthly gross profits for the month of June 2023 any payment made under clause 10(3) of Part 8 of Schedule 5 of the Act.