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Racing Industry Act 2020

Offshore betting charges and other matters - Offshore betting charges - Consumption charges

117: Certain offshore betting operators not liable for consumption charges

You could also call this:

“Some overseas betting companies don't have to pay extra fees if they don't make much money from New Zealand bets”

You don’t have to pay consumption charges for a financial year if you’re an offshore betting operator and your income from taking bets on racing and sports events from people in New Zealand is below a certain amount. This amount is the same as the one that decides if you need to register for Goods and Services Tax. It doesn’t matter if the events happen in New Zealand or somewhere else.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS331892.

Topics:
Money and consumer rights > Gambling Money and consumer rights > Taxes Business > Industry rules
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116: Penalties relating to consumption charges, or

"Rules for offshore betting operators about paying charges and giving correct information"

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118: Application of money received from consumption charges and penalties, or

"How money from betting charges and fines is used to help racing and reduce gambling problems"

Part 5 Offshore betting charges and other matters
Offshore betting charges: Consumption charges

117Certain offshore betting operators not liable for consumption charges

  1. An offshore betting operator is not liable to pay consumption charges in respect of a financial year if the operator’s revenue from taking bets on racing and sporting events from persons located in New Zealand (whether the events are held in or outside New Zealand) is less than the amount specified in section 51(1)(a) of the Goods and Services Tax Act 1985 for the operator to become a registered person under that Act.

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