Gambling Regulation (Premium Customer) Regulations 2011

Authorised by the Chief Parliamentary Counsel Authorised Version i Gambling Regulation (Premium Customer) Regulations 2011 S.R. No. 3/2011 TABLE OF PROVISIONS Regulation Page 1 Objective 1 2 Authorising provisions 1 3 Commencement 1 4 Definition 2 5 Prescribed rate 2 6 Premium customer 2 ═══════════════ -- 1 of 3 -- Authorised by the Chief Parliamentary Counsel Authorised Version 1 STATUTORY RULES 2011 S.R. No. 3/2011 Gambling Regulation Act 2003 Gambling Regulation (Premium Customer) Regulations 2011 The Governor in Council, on the recommendation of the Treasurer, makes the following Regulations: Dated: 1 February 2011 Responsible Minister: MICHAEL O'BRIEN Minister for Gaming MATTHEW McBEATH Clerk of the Executive Council 1 Objective The objective of these Regulations is to prescribe the monetary amounts for the purposes of identifying premium customers and the wagering tax payable in respect of the relevant commissions deducted from the money invested by those customers under the Gambling Regulation Act 2003. 2 Authorising provisions These Regulations are made under sections 4.6.3(6) and 11.2.1 of the Gambling Regulation Act 2003. 3 Commencement These Regulations come into operation on 2 February 2011. -- 2 of 3 -- S.R. No. 3/2011 Gambling Regulation (Premium Customer) Regulations 2011 2 Authorised by the Chief Parliamentary Counsel 4 Definition In these Regulations, the Act means the Gambling Regulation Act 2003. 5 Prescribed rate For the purposes of section 4.6.3(1AA) of the Act, the prescribed rate is 10%. 6 Premium customer For the purposes of section 4.6.3(7)(a) of the Act, the prescribed amount is— (a) $3 000 000 for the financial year ending on 30 June 2011; (b) $3 000 000 for the financial year commencing on 1 July 2011; (c) $378 000 for the financial year commencing on 1 July 2012. ═══════════════ r. 4 -- 3 of 3 --