Gaming Machine Tax Act 2001
The amendments change the rates of gaming machine tax applicable to hotels in the year commencing 1 July 2010 and subsequent years.
Hotels will no longer be liable to pay gaming machine tax on the first $200,000 of annual gaming machine profits.
For profits exceeding $200,000 a year and up to $5,000,000 a year, the rates are increased.
For profits exceeding $5,000,000 the rate remains the same.