28th June 2012, 12:17 PM
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Banned
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Join Date: Oct 2011
Posts: 360
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And another snippet re this issue.
Clinton Payne
28/06/2012
Queensland cash in on NSW’s High Court win
Racing Queensland has announced their Race Information Fees for the 2012-13 racing season which will see most bookmakers paying a premium for turnover on the Queensland winter carnival next year.
The racing administrator has implemented what it calls the "Net Assessable Turnover model”.
The Net Assessable Turnover model will see wagering operators pay 1 percent for the first $5 million of annual wagering turnover. If turnover is greater than $5 million the fee will increase to 1.5 percent and 2 percent for its premium product during the months of May and June, provided more than $5 million is turned over.
Racing Queensland is also giving wagering operators the option to elect a gross revenue model.
If they are to take up that option they will pay 20 percent of their gross revenue. If a bookmaker takes up that option it would be a requirement that the fee payable is greater than the "Race Information Fees” paid, or would have been paid, in the previous financial year under the Net Assessable Turnover model
Cheers.
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