84Introduction of GST—instalment period commencing on 1 June 2000

84 Introduction of GST—instalment period commencing on 1 June 2000

84 Introduction of GST—instalment period commencing on 1 June 2000

(1) This clause applies to determine the duty payable on profits derived from approved gaming devices kept on the premises of a registered club during the instalment period commencing on 1 June 2000.

(2) If the profits from all approved gaming devices kept on the premises of a registered club in the instalment period to which this clause applies do not exceed $25,000, no duty is payable on the profits.

(3) If the profits from all approved gaming devices kept on the premises of a registered club in the instalment period to which this clause applies exceed $25,000 but do not exceed $50,000, duty is payable on so much of the profits as exceeds $25,000 but do not exceed $50,000, at the rate of 0.33%.

(4) If the profits from all approved gaming devices kept on the premises of a registered club in the instalment period to which this clause applies exceed $50,000 but do not exceed $250,000, duty is payable—

(a) in the sum of $82.50, and

(b) on so much of the profits as exceed $50,000 but do not exceed $250,000, at the rate of 13.87%.

(5) If the profits from all approved gaming devices kept on the premises of a registered club in the instalment period to which this clause applies exceed $250,000, duty is payable—

(a) in the sum of $27,822.50, and

(b) on so much of the profits as exceed $250,000, at the rate of 18.62%.