I write on behalf of the Education, Employment and Training Committee to invite you to contribute to the committee’s examination of the Betting Tax and Other Legislation Amendment Bill 2022. The Bill was introduced by the Treasurer on 12 October 2022, and declared urgent by the Legislative Assembly. The committee is required to report on the Bill by 4 November 2022.
The Bill’s primary objective is to provide a more sustainable funding model for Queensland’s racing industry. In order to do this, it proposes amendments to the Betting Tax Act 2018 which, if passed, would take effect on 1 December 2022 to:
1. introduce a 5 per cent racing levy in addition to the 15 per cent betting tax rate
2. incorporate free bets into the calculation of betting tax; and
3. provide for the hypothecation of 80 per cent of annual betting tax revenue to the Racing Queensland Board (Racing Queensland).
The Bill also proposes amendments to the Payroll Tax Act 1971 to facilitate the implementation of the mental health levy, which was recently established by the Revenue Legislation Amendment Act 2022.
You can find out more about the Bill through the following links:
The committee is calling for written submissions on any aspects of the Bill by 10.00am on Friday 21 October 2022. The easiest way for you to make a submission is online, via this form: https://qldparlcomm.snapforms.com.au/form/eetc---betting-tax-and-other-legislation-amendment-bill-2022
Guidelines for making a submission to a parliamentary committee are available here: http://www.parliament.qld.gov.au/documents/committees/guidelines/Guide_MakingASubmission_WebVersion.pdf
More information about the committee and its work is available here: https://www.parliament.qld.gov.au/Work-of-Committees/Committees/Committee-Details?cid=166