Final returns for betting tax

If you are a relevant betting operator and have a change of status during a financial year, you must lodge a final return with us no later than 21 days after the end day of the final period.

The start date of your final return will be 1 July of the current financial year.

You will need to enter the end day for the final period in your return, which is any of the following:

  • the day the person ceases to be authorised or exempt from the authorisation requirements
  • the day the person ceases to conduct betting operations
  • the day before the administrator is appointed
  • the day the administrator ceases to have effect.

If an administrator is appointed on 1 July, this is not a change of status for the purposes of betting tax.

Example 1

The licence under which a relevant betting operator is authorised to conduct betting operations ends on 31 March 2020. The final period in relation to the betting operator’s change of status is the period starting on 1 July 2019 and ending on 31 March 2020.

Example 2

A receiver is appointed for the property of a relevant betting operator on 1 October 2019. The receiver’s appointment ceases to have effect on 1 December 2019. The final period in relation to the betting operator’s first change of status is the period starting on 1 July 2019 and ending on 30 September 2019. The final period in relation to the betting operator’s second change of status is the period starting on 1 July 2019 and ending on 1 December 2019.

You must pay any betting tax shortfall (final liability) when you submit your final return. If you do not lodge and pay by the due date, you may also be liable for interest and penalties.

If you are entitled to a refund, we will process it when we receive your final return.

Lodging an annual return for the same year

After your change of status, if you continue as a relevant betting operator in the same financial year, you must still lodge monthly returns and an annual return at the end of the financial year. Taxable wagering revenue paid or payable for the final period(s) must be declared in the annual return.

If you did not conduct betting operations after the end day of the final period, you do not have to lodge an annual return.