TAXATION ADMINISTRATION REGULATIONS 1976 (REPEALED)

PART 5 - PAY AS YOU GO WITHHOLDING  

Division 6 - Withholding - payments to foreign residents etc  

REGULATION 44A   GAMING JUNKETS  

44A(1)    
For paragraph 12-315(1)(b) of Schedule 1 to the Act, a payment for operating or promoting a junket is prescribed.

44A(2)    
For subsection 15-10(2) of Schedule 1 to the Act, the amount to be withheld from a payment mentioned in subregulation (1) is 3% of the total payment.

44A(3)    
In this regulation:

gaming
means playing a game of chance or a game that is partly a game of chance and partly a game of skill.

junket
means an arrangement for the promotion or organising of gaming in 1 or more casinos, whether or not any of the casinos is required by an agreement to make a payment, by which:

(a) an individual or a group of people comes to Australia for the purpose of gaming at particular casinos; and

(b) the entity receives payment, from 1 or more of the casinos, that is:

(i) a reward made in relation to arranging for the individual or the people to go to a casino for gaming; or

(ii) a commission based on the gaming or losses of the individual or group of people.