Betting Tax Bill 2018
Plain English Summary
Overview
This bill introduces a 15% point-of-consumption betting tax on the net wagering revenue of betting operators from bets placed by customers in Queensland. It replaces the previous point-of-supply wagering tax and aligns Queensland with similar reforms in other Australian states. The bill also removes outdated prohibitions on interstate interactive wagering.
Who it affects
Betting operators licensed anywhere in Australia who accept bets from people in Queensland must register, lodge returns and pay the tax. Individual punters are not directly taxed, but may see changes to odds or promotions as operators absorb the cost.
Key changes
- A 15% tax is imposed on betting operators' net wagering revenue from Queensland customers, with a $300,000 annual tax-free threshold
- All forms of betting are covered including totalisator, betting exchange and fixed-odds betting, whether in person, online or by phone
- Betting operators must register with the Commissioner of State Revenue and lodge monthly returns (on-course bookmakers may lodge annually)
- Operators must take reasonable steps to identify the location of each person placing a bet, with a maximum penalty of 100 penalty units for failure to do so
- Prohibitions on interstate interactive wagering under the Wagering Act 1998 and Interactive Gambling (Player Protection) Act 1998 are removed to reflect existing consumer behaviour
- Anti-avoidance provisions allow the Commissioner to disregard arrangements designed to reduce or avoid betting tax
Bill Story
The journey of this bill through Parliament, including debate and recorded votes.
▸Committee12 June 2018View Hansard
Referred to Economics and Governance Committee
▸Second Reading15 June 2018View Hansard
That the bill be now read a second time
The motion passed.
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Ayes (51)
Noes (38)
That clauses 1 to 90 and schedules 1 and 2, as read, be agreed to
The motion passed.
▸Show individual votesHide individual votes
Ayes (50)
Noes (39)
▸38 members spoke21 support17 oppose
Criticised the budget as a typical Labor con job with five new taxes, $83 billion debt and the worst unemployment rate in Australia. Focused on health system failings including blowing out elective surgery wait times and ambulance ramping.
“This budget is a typical Labor budget—a con job for Queensland and a shameless abandonment of my electorate of Mudgeeraba.”— 2018-06-15View Hansard
As Treasurer, moved the second reading of the cognate appropriation bills.
“I move—That the bills be now read a second time.”— 2018-06-14View Hansard
Supported the budget as delivering positive outcomes for Queensland communities, highlighting investment in neighbourhood centres, disability services, seniors concessions and the Townsville Women's Centre.
“I am proud to be part of a government that listens to and works with communities on a plan that will contribute to Queenslanders' social and economic wellbeing.”— 2018-06-15View Hansard
As Leader of the Opposition, delivered the budget reply condemning the budget as one of taxes, debt and unemployment, criticising five new taxes that would rip $2.25 billion from the economy, $83 billion debt, and the worst unemployment rate in Australia. Launched the LNP's economic plan covering congestion, electricity, health, water security and no new taxes.
“This is a budget of taxes, debt and unemployment. After 3½ years Labor's legacy for Queensland is no less than five taxes, an $83 billion debt bomb and the worst unemployment in Australia.”— 2018-06-14View Hansard
Criticised the budget for failing the Whitsunday electorate, particularly the slow cyclone recovery, inadequate school funding and cost of power, while defending the coal industry.
“Last year's budget was a massive let-down. I do not think this one is any different.”— 2018-06-15View Hansard
Criticised the budget as high-taxing, high-borrowing economic backwardness that would result in reduced economic and employment growth, condemning the $83 billion debt and five new taxes.
“True to Labor's long established form for high-taxing, high-borrowing economic backwardness, we see before us yet another budget which mires us and future generations unborn in permanent debt.”— 2018-06-14View Hansard
Criticised the budget for failing the Gold Coast and imposing new taxes that would hurt households and businesses.
“This budget fails the people of Southport and the Gold Coast.”— 2018-06-15View Hansard
Supported the budget as delivering for regional Queensland, highlighting investment in the Rockhampton region, Back to Work and Skilling Queenslanders for Work programs.
“Since January 2015, more than 153,000 new jobs have been created in Queensland. This is something that we are proud of on this side of the House.”— 2018-06-14View Hansard
Criticised the budget for failing the Toowoomba region with insufficient infrastructure investment and new taxes.
“This budget fails the people of Toowoomba North.”— 2018-06-15View Hansard
Criticised the budget for neglecting the Gold Coast and failing to deliver infrastructure, highlighting five new taxes and the government's broken promises.
“This budget is a budget of taxes, debt and unemployment.”— 2018-06-14View Hansard
Supported the budget as delivering for the Aspley electorate with investment in infrastructure and services.
“This budget delivers for the people of Aspley.”— 2018-06-15View Hansard
Supported the budget as delivering for the Logan electorate with investment in the Mount Lindesay Highway, Logan Hospital expansion and jobs programs.
“This is a budget that delivers for Logan.”— 2018-06-14View Hansard
Supported the budget as delivering for the Capalaba electorate.
“This budget delivers for the people of Capalaba.”— 2018-06-15View Hansard
Supported the budget as delivering on infrastructure, health and education, highlighting investment in the Algester electorate.
“This budget delivers for the people of Algester and for all Queenslanders.”— 2018-06-14View Hansard
Supported the budget as delivering for the Cook electorate and remote communities.
“This budget delivers for the people of Cook.”— 2018-06-15View Hansard
Criticised the budget for failing Glass House electorate and the Sunshine Coast, highlighting the underfunding of rail duplication and road infrastructure.
“This is a budget that fails the people of Glass House.”— 2018-06-14View Hansard
Criticised the budget for failing the northern Gold Coast and imposing new taxes.
“This budget fails the people of Coomera.”— 2018-06-15View Hansard
Supported the budget as delivering for Queensland communities with investment in infrastructure and services.
“This budget delivers for the people of Queensland.”— 2018-06-14View Hansard
Criticised the budget for failing North Queensland and regional communities.
“This budget fails the people of Hinchinbrook and North Queensland.”— 2018-06-15View Hansard
Supported the budget as delivering for the Cairns region with investment in roads and infrastructure projects.
“This budget delivers for the people of Barron River and the Far North.”— 2018-06-14View Hansard
Supported the budget as delivering for the Townsville electorate with investment in infrastructure and services.
“This budget delivers for the people of Townsville.”— 2018-06-15View Hansard
Supported the budget as delivering for the Morayfield electorate and Queensland more broadly.
“This budget delivers for the people of Morayfield.”— 2018-06-14View Hansard
Supported the budget as delivering for the Gaven electorate and the Gold Coast.
“This budget delivers for the people of Gaven.”— 2018-06-15View Hansard
Criticised the budget for failing regional Queensland, particularly western and outback communities, highlighting neglect of water infrastructure and roads.
“This budget has done nothing for the people of Gregory.”— 2018-06-14View Hansard
Supported the budget as delivering for the Waterford electorate.
“This budget delivers for the people of Waterford.”— 2018-06-15View Hansard
Criticised the budget for failing the Sunshine Coast with inadequate infrastructure investment and five new taxes.
“This budget fails the people of Ninderry and the Sunshine Coast.”— 2018-06-14View Hansard
Supported the budget as delivering for Queenslanders with responsible fiscal management.
“This budget delivers for the people of Queensland.”— 2018-06-15View Hansard
Criticised the budget for its five new taxes, $83 billion debt and neglect of the Gold Coast.
“This is a budget of taxes, debt and unemployment.”— 2018-06-14View Hansard
Supported the budget as delivering for Queenslanders.
“This budget delivers for the people of Queensland.”— 2018-06-15View Hansard
Criticised the budget for failing the Sunshine Coast and imposing five new taxes, while welcoming the LNP Leader's plan for rail duplication, school air conditioning and tackling the ice epidemic.
“All Labor has offered in this budget is five new taxes, ripping $2.2 billion out of Queenslanders' pockets. It cannot tax its way to growth.”— 2018-06-14View Hansard
Supported the budget as delivering for Mansfield and Queensland, highlighting more than $20 million for school infrastructure in her electorate and criticising the LNP's education proposals.
“This great Labor budget responds to the needs of all Queenslanders, creating jobs, setting out a clear economic plan, attracting investment and building infrastructure—building the economy for our future.”— 2018-06-14View Hansard
Criticised the budget for ignoring the Callide electorate despite it being the economic engine room of Queensland, highlighting the lack of water infrastructure, road funding and health services.
“The Callide electorate is the economic engine room of Queensland. It generates in the vicinity of $3 billion of income to the Queensland economy, and what have we got from the Trad budget? Absolutely nothing.”— 2018-06-14View Hansard
Supported the budget as delivering for the Jordan electorate with investment in schools, hospital expansion, park-and-ride upgrades and cost-of-living concessions.
“I rise to speak on the Appropriation Bill with a clear sense of pride that the Palaszczuk Labor government is delivering for the people of Queensland.”— 2018-06-14View Hansard
Supported the budget as delivering for the Lytton electorate and all Queenslanders.
“This budget delivers for the people of Lytton.”— 2018-06-14View Hansard
Supported the budget as delivering infrastructure and services for the Mount Ommaney electorate.
“This budget delivers for the people of Mount Ommaney.”— 2018-06-14View Hansard
Supported the budget as delivering for the Stretton electorate.
“This budget delivers for the people of Stretton.”— 2018-06-14View Hansard
Criticised the budget for neglecting the Gympie region and imposing new taxes.
“This budget fails the people of Gympie.”— 2018-06-14View Hansard
Criticised the budget for failing rural and regional Queensland with insufficient infrastructure investment and new taxes.
“This budget fails the people of Condamine.”— 2018-06-14View Hansard
▸In Detail15 June 2018View Hansard
Opposed the Betting Tax Bill as part of the government's five new taxes, voting against all clauses.
“This is tax No. 2 of the five new taxes being introduced by the Palaszczuk government as part of this budget.”— 2018-06-15View Hansard
▸Third Reading15 June 2018View Hansard
That the bill be now read a third time
The motion passed.
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Ayes (49)
Noes (40)
That the long title of the bill be agreed to
The motion passed.