When do I need to submit a return?
A 'WA Race Fields Return Form', completed electronically or manually must be submitted to the Gaming and Wagering Commission within 14 days of the end of each calendar month. An annual audited return for the period 1 August-31 July must be submitted by 30 August each year.
How much do I pay for the racing bets levy?
1% of turnover up to and including $3 million. Once the threshold has been reached the following rates apply:
- Pari-mutuel bets placed on standard race meetings levied at 1.5% of turnover;
- Pari-mutuel bets placed on premium race meetings levied at 2.5% of turnover;
- Betting exchange bets placed on standard race meetings levied at 1.5% of turnover;
- Betting exchange bets placed on premium race meetings levied at 2.5% of turnover;
- Non betting exchange fixed odds bets placed on standard race meetings levied at 2% of turnover; and
- Non betting exchange fixed odds bets placed on premium race meetings levied at 3% of turnover.
What is a premium race meeting?
From 1 October 2014, the regulations define a premium race meeting to mean a race meeting that includes at least one race in respect of which the total amount of stakes paid (excluding trophies) is at least as follows-
- in the case of a thoroughbred race meeting - $100,000
- in the case of a harness race meeting - $50,000
- in the case of a greyhound race meeting - $30,000
Can you explain how the threshold operates?
A new racing bets levy scheme was introduced from 1 October 2014 and at the same time there was an increase in the threshold from $2.5 million to $3 million. This means that all turnover up to $3 million is only assessed at 1%. Once this threshold is reached, the higher rates of levy will apply.
How will I know when the threshold has been reached?
The Department’s electronic racing bets levy system will track a betting operator’s aggregate turnover from month to month in each racing year and apply the appropriate levy. It is important that betting operators lodge their returns on time and in consecutive order.
The system has been modified to preclude a return from being lodged if a previous month’s return has not been submitted. If a betting operator has not fielded in any month, a "nil" return is required.
Are there any circumstances where I am exempted from paying the levy?
If turnover does not reach at least $1,000 in any month, you are exempted from paying the levy in that month. However, a return must still be lodged.
Why do I need to submit an annual return as well as the monthly returns?
An audited annual return is required in order to support the information contained in the monthly returns.
Is GST payable?
Yes, GST is applicable to betting operations operating from an Australian jurisdiction because the levy is a fee for a product/service.
How do I lodge my return?
Lodgement of returns electronically is the fastest and easiest way to submit your return. If you do not have access to the internet, a manual form can be requested by calling the Department on 9425 1888.
Completed forms can be posted, faxed, emailed or lodged in person at the Department (see details below).
How can I pay the levy?
If paying in person, cash, cheque, money order or credit/debit card used at the Department.
If paying online, credit/debit card or BPAY can be used.
If posting, faxing or emailing the return, a cheque, money order or debit/credit card details can be sent.
Is there a minimum turnover threshold that must be reached before the levy becomes payable?
Yes, levy is only payable if turnover reaches or exceeds $1,000 in any given month. Below this amount no levy is payable in that month. However, a return must still be lodged irrespective of whether a levy is payable.
What are the prescribed information requirements?
Prescribed information includes information contained in documents, records or accounts relating to racing bets placed with or placed or accepted through a betting operator.