A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules

Part 4-4 - Special rules mainly about net amounts and adjustments

The special rules in this Part mainly modify the operation of Part 2-4 , but they may affect other Parts of Chapter 2 in minor ways.

Division 126 - Gambling

126-35 Meaning of gambling supply and gambling event

(1)
A gambling supply is a * taxable supply involving:

(a) the supply of a ticket (however described) in a lottery, raffle or similar undertaking; or

(b) the acceptance of a bet (however described) relating to the outcome of a * gambling event .

(2)
A gambling event is:

(a) the conducting of a lottery or raffle, or similar undertaking; or

(b) a race, game, or sporting event, or any other event, for which there is an outcome.