Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If you make a gambling supply before 1 July 2000 relating to a gambling event that happens on or after 1 July 2000, the gambling supply is instead taken to have been made on 1 July 2000 and is attributable to your first tax period after that day.
(2) In applying section 126 - 10 of the GST Act to work out your global GST amount, disregard:
(a) all monetary prizes you are liable to pay at any time on the outcome of gambling events that happened before 1 July 2000; and
(b) all amounts of money you are liable to pay, of a kind referred to in paragraph ( b) of the definition of total monetary prizes in subsection 126 - 10(1), to the extent that they relate to gambling events that happened before 1 July 2000.