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Racing Industry Act 2020

Offshore betting charges and other matters - Offshore betting charges - Consumption charges

113: Requirement to pay consumption charges

You could also call this:

“Offshore betting companies must pay special charges for bets from New Zealand”

You need to pay special charges if you’re an offshore betting company taking bets from people in New Zealand. These charges are called consumption charges. You have to pay them for bets on racing and sports events, whether these events happen in New Zealand or somewhere else.

To figure out if someone is living in New Zealand, the betting company needs to use the same rules that companies selling online services to New Zealand use. These rules are found in a law called the Goods and Services Tax Act.

There’s a special group that handles these charges. This group has to do two things:

  1. Keep a list of all the sports events that these charges apply to. This includes sports happening in New Zealand and in other countries.

  2. Put this list on a website so everyone can see it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292208.

Topics:
Money and consumer rights > Gambling Money and consumer rights > Taxes Business > Industry rules
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"Punishment for wrongly using New Zealand racing and sports information"

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114: Minister must set rates of consumption charges, or

"Minister decides how much offshore betting companies pay in charges"

Part 5 Offshore betting charges and other matters
Offshore betting charges: Consumption charges

113Requirement to pay consumption charges

  1. An offshore betting operator must pay consumption charges to the designated authority in respect of bets that it takes on racing and sporting events, held in or outside New Zealand, from persons resident in New Zealand.

  2. Section 8B of the Goods and Services Tax Act 1985 applies for the purpose of determining whether a person referred to in subsection (1) is resident in New Zealand as if the offshore betting operator were a supplier of remote services under that Act.

  3. The designated authority must—

  4. maintain a list of sports held in or outside New Zealand in respect of which consumption charges are payable under this subpart; and
    1. publish the list on an Internet site maintained by or on behalf of the designated authority.

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