71Tax not payable on funds held for participating jurisdictions

#### 71 Tax not payable on funds held for participating jurisdictions 71 Tax not payable on funds held for participating jurisdictions > > (1) The Minister may, by order published in the Gazette, declare that another State or a Territory or another country is taken to be a participating jurisdiction for the purposes of this section in relation to totalizators of a particular class or description if— > > > > > (a) it is lawful to conduct totalizators of that class or description in the State, Territory or country, and > > > > > (b) totalizators of that class or description are conducted under this Act. > > > (2) An order under this section may do either or both of the following— > > > > > (a) limit the circumstances in which the State, Territory or country is taken to be a participating jurisdiction for the purposes of this section, > > > > > (b) limit the period for which the State, Territory or country is taken to be a participating jurisdiction for the purposes of this section. > > > (3) No betting tax is payable under the [Betting Tax Act 2001](/view/html/inforce/current/act-2001-043) in respect of any amount invested in a totalizator on behalf of an authority that conducts totalizator betting in another State or a Territory or another country if, at the time the amount is invested— > > > > > (a) the State, Territory or country is taken to be a participating jurisdiction in the circumstances concerned by virtue of an order in force under this section, and > > > > > (b) the totalizator in which the amount is invested is of the class or description of totalizators in relation to which the State, Territory or country is taken to be a participating jurisdiction. > > > (4) For the purposes of this section, country includes part of a country. > > **s 71:** Subst 2000 No 108, Sch 2 \[1\]. Am 2001 No 43, Sch 3 \[5\] (am 2001 No 112, Sch 2.4 \[2\]).