Annual audited return
Regulation 110 of the regulations requires that an annual, audited return completed independently by a qualified auditor1, covering the previous race year (1 August to 31 July) be submitted to the commission by 30 August each year.
This return must specify the total amount:
- of turnover and gross revenue on WA races
- the levy paid on those bets (excluding GST) for each month.
Betting operators may be granted an exemption from this requirement if the total turnover for WA races is less than $50,000 per annum. Betting operators seeking an exemption must write to the commission and demonstrate that the total amount of turnover on WA races for the year is, or will be below the threshold value.
To ensure timely consideration and approval of exemption requests before 30 August, they should be submitted before 31 July each year.
Requests received after 30 August cannot be approved.
Exemptions must be sought on an annual basis.