The Gaming Machine Amendment Bill 2020 was introduced in the Legislative Assembly by Attorney-General Gordon Ramsay on Thursday 20 February 2020.
The Bill provides that small and medium clubs will continue to receive a 50 per cent rebate on their gaming machine tax paid.
Retaining the gaming machine tax rebate will allow smaller community clubs to keep more of their gaming revenue to reinvest in their organisation. This will strengthen their ongoing financial viability and capacity to explore new services and support for the Canberra community.
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 has already supported Canberra community clubs’ efforts to diversify their revenue streams away from gaming machines.
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 earned over $4 million Gross Gaming Machine (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.