On 1 January 2019, the NSW Government introduced a Point of Consumption (PoC) tax, a 10 percent tax on all wagers placed by NSW residents, regardless of the location of the wagering operator.
When the PoC tax was introduced, the NSW Government announced that NSW Treasury will undertake a review of all aspects of the PoC tax after 18 months of operation. The review will take account of:
- the PoC tax rate and threshold,
- existing wagering tax arrangements,
- racing industry funding arrangements implemented at the time of the PoC tax introduction,
- impacts on the wagering and racing industries; and
- any other policy or administrative issues associated with the PoC tax.
This consultation paper forms the first step in this review. It is expected that the Government will finalise the review by July 2021.
Call for submissions
Stakeholders are invited to comment or provide feedback on the issues outlined in this paper by submitting a written response to [email protected].
Submissions are due by 24 March 2021.
Publication of submissions and confidentiality
All information, including name and address details, contained in formal submissions will be made available to the public on the NSW Treasury website, unless you indicate that you would like your personal details or any part of your submission to remain confidential.
Please note: automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain confidential should provide this information marked as such in a separate attachment.
There may be circumstances where the Government is required by law to release the information in your submission, for example, in accordance with the requirements of the Government Information (Public Access) Act 2009.
2018 Point of Consultation Tax Consultation Paper
In 2018, prior to the introduction of the Point of Consumption tax, the Government released a discussion paper and undertook a public consultation process. The discussion paper and related submissions can be accessed here.
For further details see the Point of Consumption (PoC) tax on wagering factsheet.
To read the media releases, see: