A New Tax System (Goods and Services Tax) Act 1999
Note: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.
This section has effect despite section 9-15 (which is about what is consideration).
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