A New Tax System (Goods and Services Tax) Act 1999
Note:Division 126 - Gambling 126-35 Meaning of gambling supply and gambling event (1)
A gambling supply is a * taxable supply involving:
(a) the supply of a ticket (however described) in a lottery, raffle or similar undertaking; or
(b) the acceptance of a bet (however described) relating to the outcome of a * gambling event . (2)
A gambling event is:
(a) the conducting of a lottery or raffle, or similar undertaking; or
(b) a race, game, or sporting event, or any other event, for which there is an outcome.