Wagering point of consumption tax welcomed

Friday 24 May 2019

Tasracing has welcomed today’s announcement by Treasurer Peter Gutwein that the government will introduce a Point of Consumption Tax on the net wagering of betting companies on Tasmanian racing from 1 January 2020.

Tasracing CEO Paul Eriksson said the introduction of the tax – at a rate of up to 15% – was a positive development that would provide the state with a greater portion of national wagering revenue.

“It will assist to place Tasmania on a level playing field with interstate jurisdictions that have already introduced such a tax,” he said.

“We look forward to working closely with the government on its implementation and welcome the additional funding that is expected to flow to the Tasmanian racing industry going forward.”