Tax to be levied on "place of consumption" basis on betting activity from 1 July 2017

23 June 2016

The South Australian Government has announced a budget measure to tax all lawful wagering permitted by the Authorised Betting Operations Act 2000 on a place of consumption basis, from 1 July 2017.

The tax of 15% (subject to an annual threshold of $150,000 net wagering revenue) will apply to all betting transactions with people located in South Australia regardless of which Australian jurisdiction the gambling provider is licensed in. (Gambling by overseas licensed operators is illegal and both the operator and the bettor commit and offence if a bet is transacted.)

More detail is available from the Treasurer's News Release.