A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-4 - Special rules mainly about net amounts and adjustments  

Note:

The special rules in this Part mainly modify the operation of Part 2-4 , but they may affect other Parts of Chapter 2 in minor ways.

Division 126 - Gambling  

126-32   Repayments of gambling losses are not consideration  

(1)    

A payment of * money or * digital currency is not the provision of * consideration to the extent that the payment:

(a) is made by a supplier of * gambling supplies to a * recipient of gambling supplies that the supplier makes; and

(b) is made, under an agreement between them, to repay to the recipient a proportion of his or her losses relating to those supplies.

(2)    
This section has effect despite section 9-15 (which is about what is consideration).