Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) Before 1 May each year, the commission must assess each licensee's liability to pay the required percentage under section 163A (the licensee's liability ) for the period beginning on 1 July in the previous year and ending on 31 March in the year the assessment is made (the assessment period ).
(2) If the commission assesses that a licensee's liability is an average of less than $300 for each month of the assessment period, the commission may give the licensee written notice that the licensee is eligible to pay the licensee's liability in the following financial year (the next financial year ) as an annual payment payable at the end of the next financial year.
(3) A licensee (a participating licensee ) may elect, as an alternative to making monthly or quarterly payments under section 163A (5), to make an annual payment to the gambling harm prevention and mitigation fund for the next financial year.
(4) The election must be made by giving the commission written notice before the commencement of the next financial year.
(5) If a participating licensee makes an election under subsection (3) for a financial year, the licensee may not make a payment under section 163A (5) for any month or quarter during that financial year.
(6) At the end of each financial year, the commission must give each participating licensee written notice of a reconciliation of the licensee's liability for the financial year.
(7) The participating licensee must pay the licensee's liability for the financial year within 7 days after receiving notice of the reconciliation.