Gaming Machine Tax Act 2001
13Instalment rate for hoteliers
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13 Instalment rate for hoteliers
13 Instalment rate for hoteliers
(1) If the profits from all gaming machines kept in a hotel in an instalment period do not exceed $6,250, the instalment payable is the amount determined by multiplying those profits by tax rate 1 for the tax year in which the instalment period commences.
(2) If the profits from all gaming machines kept in a hotel in an instalment period exceed $6,250, but do not exceed $50,000, the instalment payable is the sum of the following amounts—
(a) the amount determined by multiplying $6,250 by tax rate 1 for the tax year in which the instalment period commences,
(b) the amount determined by multiplying the amount by which those profits exceed $6,250 by tax rate 2 for the tax year in which the instalment period commences.
(3) If the profits from all gaming machines kept in a hotel in an instalment period exceed $50,000, but do not exceed $100,000, the instalment payable is the sum of the following amounts—
(a) the amount determined by multiplying $6,250 by tax rate 1 for the tax year in which the instalment period commences,
(b) the amount determined by multiplying $43,750 by tax rate 2 for the tax year in which the instalment period commences,
(c) the amount determined by multiplying the amount by which those profits exceed $50,000 by tax rate 3 for the tax year in which the instalment period commences.
(4) If the profits from all gaming machines kept in a hotel in an instalment period exceed $100,000, but do not exceed $250,000, the instalment payable is the sum of the following amounts—
(a) the amount determined by multiplying $6,250 by tax rate 1 for the tax year in which the instalment period commences,
(b) the amount determined by multiplying $43,750 by tax rate 2 for the tax year in which the instalment period commences,
(c) the amount determined by multiplying $50,000 by tax rate 3 for the tax year in which the instalment period commences,
(d) the amount determined by multiplying the amount by which those profits exceed $100,000 by tax rate 4 for the tax year in which the instalment period commences.
(5) If the profits from all gaming machines kept in a hotel in an instalment period exceed $250,000, but do not exceed $1,250,000, the instalment payable is the sum of the following amounts—