StatuteIncome Tax Act 2007

Section CW 48 — Income Tax Act 2007: Income from conducting gaming-machine gambling

Text of the provision Official document

CW 48 Income from conducting gaming-machine gambling An amount of income derived by a person that is gross gambling proceeds from gaming-machine gambling is exempt income if— (a) the person is authorised to conduct the gaming-machine gambling under the Gambling Act 2003 by a gaming-machine operator’s licence and a gaming-machine venue licence; and (b) the person complies with the Gambling Act 2003 in applying and distributing the net gambling proceeds from the gaming-machine gambling. Defined in this Act: exempt income , gaming-machine gambling , gaming-machine operator’s licence , gaming-machine venue licence , gross gambling proceeds , net gambling proceeds , Compare: 2004 No 35 s CW 40B

Official source: legislation.govt.nz

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