Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) This section applies to a betting operator if the operator's net ACT betting revenue for a financial year has exceeded the threshold amount.
(2) The betting operator must, after the end of the month in a financial year in which the operator's net ACT betting revenue for that financial year first exceeds the threshold amount (the first month )—
(a) lodge with the commissioner a return (a betting operations return ); and
(b) pay to the commissioner the amount of betting operations tax payable by the operator under section 10 (2) (b).
(3) Also, the betting operator must, after the end of each month or other return period agreed by variation notice under section 14 following the first month (the "subsequent return period")—
(a) lodge with the commissioner a betting operations return; and
(b) pay to the commissioner any betting operations tax payable for the subsequent return period.
(4) For subsection (3) (b), the amount of betting operations tax payable for a subsequent return period is—
(a) if there is a net loss in the betting operator's net ACT betting revenue in the subsequent return period—nil; or
(b) if there is a net gain in the betting operator's net ACT betting revenue in the subsequent return period—the amount calculated in accordance with section 10 (2) (b) less any amount already paid to the commissioner for the financial year.
(5) Unless varied by the commissioner under section 14, the time period within which the betting operator must lodge a betting operations return and pay any betting operations tax is—
(a) for the end of a financial year—21 days after the end of the financial year; or
(b) for any other return period—7 days after the end of the return period.