Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 188.32

The value of gambling supplies

                   For the purposes only of this Division, the value of all the * gambling supplies that an entity makes during a particular period is taken to be an amount equal to 11 times:

                     (a)  the entity's * global GST amount for that period; or

                     (b)  if that period is not a tax period--what would have been the entity's global GST amount for the period if that period had been a tax period.



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