Since 1 Apr 2011, private lotteries duty on fruit machines has been computed as 9.5% on Turnover.
Other key changes introduced on 1 Apr 2011 in relation to private lotteries duty include:
- Record-keeping requirements
- Introduction of penalties for filing late or not filing
- Introduction of penalties for paying late or not paying
- Commissioner of Betting Duties now administers private lotteries duty (previously administered by Commissioner of Estate Duties)
A copy of the Private Lotteries Act 2011 can be obtained at :Quick Links>Tax Acts>Private Lotteries