On 1 January 2019, the NSW Government introduced a Point of Consumption (PoC) tax, a 10 per cent tax on all wagers placed by NSW residents, regardless of the location of the wagering operator.
NSW Treasury conducted a review of the PoC tax finding it has been effective in closing the loophole by capturing online bets without negative consequences for the racing industry or online wagering businesses
You can read the Review of the Point of Consumption Tax final report here.
Consultation and public submissions
This consultation paper formed the first step in the review process.
The following submissions were made to the review:
- bet365 - Confidential,
- Betfair - Confidential,
- Greyhound Racing NSW,
- Harness Racing NSW,
- Racing NSW - Confidential,
- Responsible Wagering Australia (RWA) - Confidential,
- Tabcorp - Confidential,
- The Coalition of Major Professional & Participation Sports (COMPPS),
- The National Rugby League (NRL) - Confidential.
2018 Point of Consumption Tax Discussion 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: