The Australian Capital Territory (ACT) has confirmed that it will move to implement a 15% point-of-consumption (POC) tax charge on all remote gambling services. The ACT government which overseas legislation for Canberra, has confirmed that it will move to implement its POC tax charge by the beginning of 2019. The new policy will charge betting operators a 15% tax on …
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The Victorian Government is to introduce an eight per cent online point of consumption tax, which it has been stated will raise an estimated $30m per year, report Australian media outlets. Coming into force at the start of 2019, and taking a proportion of bookmakers monthly earnings, Treasurer Tim Pallas, announcing its introduction, said the tax has been designed to …
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Australian gaming operator Tabcorp has seen a retail exclusivity within one of its home states receive an tentative extension agreement, pending approval by the Independent Gambling Authority. Operating through its wholly owned subsidiary ‘UBET SA Pty Ltd,’ the retail wagering license with South Australia is now set to be exclusive until the end of 2032, after its new arrangements are …
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Facing competition from Racing Victoria and Seven West Media joint-venture Racing.com, Australian gambling operator Tabcorp has been forced to significantly up its bid in order to maintain its racing broadcast rights in Australia and New Zealand. The Australian Financial Review (AFR) has reported that Tabcorp governance are prepared to pay AUD $26 million (£16 million) to secure racing content rights …
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Presenting new budget plans, the South Australia state treasury is set to introduce a ‘place of consumption’ (POC) tax for all licensed gambling operator services regardless of Australian jurisdiction. Updating the media, SA treasurer Tom Koutsantonis detailed that the budget measure expects to generate approximately AUS $9.2 million a year from betting operators targeting SA consumers. The SA POC …
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The South Australia Treasury has been tasked with preparing an online gambling tax scheme that will charge online gambling operators on the location of its customers wagering, mirroring the current UK POC charge. The treasury estimates that +70,000 South Australian have wagered using online gambling services, the agency will look to re-structure current online gambling policies in order to raise …
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