NSW clubs have a win on the pokies
New South Wales clubs have gained a win in their fight against proposed changes to gaming tax rates, with the NSW Government and ClubsNSW formally agreeing to new gaming tax rates to apply to poker machine revenue in clubs between 2006-07 and 2011-12.
ClubsNSW announced that the NSW Premier, Morris Iemma, and chairman of ClubsNSW, Peter Newell, had signed a memorandum of understanding (MOU) that sets out the new rates.
“The agreement will exempt more than half of all clubs in NSW from paying poker machine tax by increasing the zero-tax threshold from $200,000 to $1 million, effective from September 1, 2007,” ClubsNSW said.
“It also provides that from September 2008, the rate of poker machine tax for clubs in all other revenue categories will be lower than under the current legislated tax scales.”
