Gambling Regulation Amendment (Wagering and Betting Tax) Bill 2021
Increase in Betting Tax, More Money Paid to Racing Industry
Status: Passed and signed off by the state Governor (Assented); It will now be law.
PIPE Bill ID # 6164
State / Territory: Victoria
Last Modified 16 June 2021
Links to Info on Official Parliament Websites:
Effects of Bill:
This bill being passed means that... Wagering and Betting tax will go from 8% to 10% as of July 2021
This bill being passed means that... More of the Tax proceeds will be distributed back to Racing Industry bodies (increased - from 1.5% up to 3.5%) and the share given to the Hospitals and Charities fund will therefore decrease from 8.5% to 6.5%
News Articles, Admin Comments and Press Releases...
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