Why are Australian State/Territory Governments introducing a POC?

1. Point Of Consumption Tax
2. Gambling Tax Laws
3. Point Of Total Consumption

We understand each state government may have different reasons, however the following provides a guide on what these reasons may relate to. We encourage customers to contact their local members and ask directly.

1) The United Kingdom (UK) POC model

It’s understood the State/Territory governments have sought to copy the United Kingdom (UK) POC model, however that model was introduced in an environment where most wagering operators were located off-shore and did not contribute any taxes in the form of licence fees or GST (VAT) to the UK government or product fees to UK racing/sports bodies. The UK model now has these operators paying a POC to the UK government and a levy to UK thoroughbred racing via the Horserace Betting Levy Board, but this is still far less onerous than the heavy tax/fee regime in Australia for on-shore operators which includes:

UK ‘Point of Consumption’ Online Gambling Tax Receives Final Approval 16th May 2014 // Industry, News. Ongoing changes to the United Kingdom’s gambling codes that include the creation of a 15% “point of consumption” tax for all online gambling action involving UK citizens will take effect on December 1st, 2014, after changes already approved for the UK Gambling Commission’s License.

1. Wagering licence fees;
2. Wagering taxes;
3. GST;
4. Product Fees; and now
5. POC

Comparison of taxes/fees paid by Betfair in Australia (by State/Territory) on Australian racing compared to off-shore wagering operators in the UK on UK racing:

Details

January 1st marks the day that a new ‘point of consumption’ tax comes into effect in Victoria, New South Wales, Western Australia and the Australian Capital Territory. It will tax online gambling losses based on where the bet is placed and not where the bookmaker has a license. In other, words, from the point of the ‘consumption’ of the gambling service. The taxes are already in operation in Queensland and South Australia.

Details

Mr Green online casino is combining the old with the new by running a great promotion. You are invited to play a select number of slots with an Ancient Egypt theme from now until December 2nd, and you could be in line to win an experience of a life-time as you jet off to Las Vegas for an all-inclusive vacation.

Details

Online casinos that work off the Realtime Gaming software group platform will be releasing a new multiplayer slot game in December. This is the first time that RTG will go down the multiplayer slot path, and the group is excited about introducing its players to Fish Catch slot on the 12th, just in time for the holiday season. You will be able to play Fish Catch on download or mobile platforms, which brings an entire new meaning to group gambling on the go.

Details

A new sci-fi themed, bonus-rich online casino game has been created exclusively for Microgaming players by Foxium, an innovative game developing studio. The new Astron Legends: Lyra and Erion video slot follows the intergalactic adventures of the punk-band-frontwoman-turned-adventurer, Lyra, as she heads off to far-flung planets in her mission to change the world.

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  Astro Legends: Lyra and Erion Slot tell the story of Lyra, the front-woman for an intergalactic touring band in the far-flung future.

  Watch official promotional video of new sci-fi themed, online casino slot game which has been created exclusively for Microgaming Software players.

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  Interview with Polina and Jacopo about BigBot Crew video slot game

  Quickspin, a leading Swedish game developing company, announced that it will be releasing a new 5 reel, 4 row and 40 pay line slot game titled BigBot Crew on Tuesday, 2nd September 2018.

  Watch Quickspin stars Polina and Jacopo as they talk about new video slot game.

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  Iron Dog Studio, an online casino software provider that is part of the 1x2 family of brands, has released a new online slot game titled Moirai Blaze that is based on Diwali, the famous Indian festival of light.

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  Da Hong Bao” is a 50 paylines, 5 reels slot game with a number of great features...

  Genesis Gaming, a leading video slots developer, has announced the launch of its latest slot game titled “Da Hong Bao” which is being released just in time for the Chinese New Year.

Point Of Consumption Tax

Gambling Tax Laws

Point Of Total Consumption