Released 20/02/2020
Canberra’s local community clubs will continue to benefit from tax relief to support their ongoing sustainability and diversification away from gaming machine revenue.
Attorney-General Gordon Ramsay today introduced the Gaming Machine Amendment Bill 2020, which will ensure that small and medium clubs will continue to receive a 50 per cent rebate on their gaming machine tax paid.
“This rebate will allow smaller local community clubs to reinvest in their organisation and diversify away from relying on gaming revenue. This will support their ongoing financial viability, ability to facilitate new services and support the Canberra community, “Attorney-General Ramsay said.
The Bill implements the ACT Government’s findings and conclusions from a recent statutory review of the operation of the tax rebate.
“The review found the tax rebate supported our community clubs’ efforts to diversify their revenue streams away from gaming machines,” Attorney-General Ramsay said.
The Bill also provides for a phased reduction of the amount of tax rebate received by small and medium clubs, at a rate of 50 cents for every 1 dollar earnt over $4 million Gross Gaming Machine Revenue (GGMR) per annum.
The Bill includes a number of minor changes to the ACT’s community contributions scheme to support clubs’ compliance, while retaining the scheme’s overall integrity.
This includes amendments that will enable clubs operating more than one venue under their licence to make community purpose contributions totalling 8 per cent of their net gaming machine revenue (NGMR) across all their venues, rather than 8 per cent of NGMR per venue.
“These changes are being made to better reflect current club business practices and provide clubs with greater flexibility in allocating their contributions to the community, without reducing the amount that clubs are required to contribute.”
Details of the initial review can be found here
- Statement ends -
Section: Gordon Ramsay, MLA | Media Releases
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