Gaming Machine Tax Act 2001 No 72
Current version for 1 March 2012 to date (accessed 22 December 2014 at 22:20)
Part 3Division 1

Division 1 Hoteliers

12   Annual rate for hoteliers

(1)  If the profits from all gaming machines kept in a hotel in a tax year do not exceed $25,000, tax is payable on the profits at the rate of tax rate 1 for the tax year.
(2)  If the profits from all gaming machines kept in a hotel in a tax year exceed $25,000, but do not exceed $200,000, tax is payable:
(a)  on $25,000 of those profits at the rate of tax rate 1 for the tax year, and
(b)  on so much of those profits as exceeds $25,000 at the rate of tax rate 2 for the tax year.
(3)  If the profits from all gaming machines kept in a hotel in a tax year exceed $200,000, but do not exceed $400,000, tax is payable:
(a)  on $25,000 of those profits at the rate of tax rate 1 for the tax year, and
(b)  on $175,000 of those profits at the rate of tax rate 2 for the tax year, and
(c)  on so much of those profits as exceeds $200,000 at the rate of tax rate 3 for the tax year.
(4)  If the profits from all gaming machines kept in a hotel in a tax year exceed $400,000, but do not exceed $1,000,000, tax is payable:
(a)  on $25,000 of those profits at the rate of tax rate 1 for the tax year, and
(b)  on $175,000 of those profits at the rate of tax rate 2 for the tax year, and
(c)  on $200,000 of those profits at the rate of tax rate 3 for the tax year, and
(d)  on so much of those profits as exceeds $400,000 at the rate of tax rate 4 for the tax year.
(5)  If the profits from all gaming machines kept in a hotel in a tax year exceed $1,000,000, but do not exceed $5,000,000, tax is payable:
(a)  on $25,000 of those profits at the rate of tax rate 1 for the tax year, and
(b)  on $175,000 of those profits at the rate of tax rate 2 for the tax year, and
(c)  on $200,000 of those profits at the rate of tax rate 3 for the tax year, and
(d)  on $600,000 of those profits at the rate of tax rate 4 for the tax year, and
(e)  on so much of those profits as exceeds $1,000,000 at the rate of tax rate 5 for the tax year.
(6)  If the profits from all gaming machines kept in a hotel in a tax year exceed $5,000,000, tax is payable:
(a)  on $25,000 of those profits at the rate of tax rate 1 for the tax year, and
(b)  on $175,000 of those profits at the rate of tax rate 2 for the tax year, and
(c)  on $200,000 of those profits at the rate of tax rate 3 for the tax year, and
(d)  on $600,000 of those profits at the rate of tax rate 4 for the tax year, and
(e)  on $4,000,000 of those profits at the rate of tax rate 5 for the tax year, and
(f)  on so much of those profits as exceeds $5,000,000 at the rate of tax rate 6 for the tax year.
Note. From the 2010 tax year, tax rates 1 and 2 are nil. Accordingly, no tax is payable on profits of up to $200,000.

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:
(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 $150,000 by tax rate 4 for the tax year in which the instalment period commences,
(e)  the amount determined by multiplying the amount by which those profits exceed $250,000 by tax rate 5 for the tax year in which the instalment period commences.
(6)  If the profits from all gaming machines kept in a hotel in an instalment period exceed $1,250,000, 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 $150,000 by tax rate 4 for the tax year in which the instalment period commences,
(e)  the amount determined by multiplying $1,000,000 by tax rate 5 for the tax year in which the instalment period commences,
(f)  the amount determined by multiplying the amount by which those profits exceed $1,250,000 by tax rate 6 for the tax year in which the instalment period commences.
Note. From the 2010 tax year, tax rates 1 and 2 are nil. Accordingly, an instalment is not payable on profits in an instalment period of up to $50,000.

13A   Tax rates for hoteliers

In this Division:

tax rate 1 for a tax year means the rate (expressed as a percentage) specified in column 1 of Table 1 next to the tax year concerned.

tax rate 2 for a tax year means the rate (expressed as a percentage) specified in column 2 of Table 1 next to the tax year concerned.

tax rate 3 for a tax year means the rate (expressed as a percentage) specified in column 3 of Table 1 next to the tax year concerned.

tax rate 4 for a tax year means the rate (expressed as a percentage) specified in column 4 of Table 1 next to the tax year concerned.

tax rate 5 for a tax year means the rate (expressed as a percentage) specified in column 5 of Table 1 next to the tax year concerned.

tax rate 6 for a tax year means the rate (expressed as a percentage) specified in column 6 of Table 1 next to the tax year concerned.



Table 1: Tax rates—hoteliers

 

Column 1

Column 2

Column 3

Column 4

Column 5

Column 6

Tax year

Tax rate 1 (%) ($0–$25K)

Tax rate 2 (%) (exceeds $25K but not $200K)

Tax rate 3 (%) (exceeds $200K but not $400K)

Tax rate 4 (%) (exceeds $400K but not $1M)

Tax rate 5 (%) (exceeds $1M but not $5M)

Tax rate 6 (%) (exceeds $5M)

2004

5.8

15.8

17.2

26.5

31.5

33.6

2005

5.7

15.7

18.5

27.1

32.1

36.4

2006

5.5

15.5

19.8

27.7

32.7

39.1

2007

5.4

15.4

21.1

28.2

33.2

41.8

2008

5.3

15.3

22.4

28.8

33.8

44.5

2009

5.1

15.1

23.7

29.4

34.4

47.3

2010 and subsequent tax years

Nil

Nil

33.0

33.0

36.0

50.0

Note. See Schedule 2A for arrangements for the 2003 tax year.
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