{"id":777035576,"date":"2025-12-04T08:01:34","date_gmt":"2025-12-04T11:01:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777035576"},"modified":"2026-04-21T16:21:31","modified_gmt":"2026-04-21T19:21:31","slug":"lgnsw-conducts-audits-on-betting-service-providers-compliance-with-the-point-of-consumption-tax","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/lgnsw-conducts-audits-on-betting-service-providers-compliance-with-the-point-of-consumption-tax","title":{"rendered":"L&amp;GNSW identifies variations in betting providers&#8217; tax compliance"},"content":{"rendered":"\n<p>The regulator has advised providers to check their returns as it carries out an audit.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- The New South Wales regulator, Liquor &amp; Gaming NSW (<strong>L&amp;GNSW)<\/strong> has announced that it is conducting audits on <strong>Betting Service Providers (BSPs)<\/strong> compliance with the <strong>Point of Consumption Tax (PoCT)<\/strong> provisions under the <strong>Betting Tax Act 2001<\/strong>, for the 2019-2024 financial years.<\/p>\n\n\n\n<p>The regulator said that the audits have identified variations in how the industry is currently calculating <strong>Net NSW Wagering Revenue (NNWR)<\/strong>. To address this, it&#8217;s developed <strong>guidance material<\/strong> on the methodology for calculating NNWR under section 13A(1)(c)-(e) of the Act. It&#8217;s encouraging all betting service providers to r<strong>eview their approach to ensure compliance<\/strong>. <\/p>\n\n\n\n<p>If any variance is observed, BSPs should review and amend historical returns if necessary, making a voluntary disclosure to Revenue NSW, and make necessary updates and changes to processes, documents and systems.<\/p>\n\n\n\n<p>\u201cIf your PoCT calculation is found to be incorrect,<strong> it could lead to a tax default<\/strong>. Under the Taxation Administration Act 1996, tax defaults may attract interest and penalty tax. More information on interest and penalty tax is available on the Revenue NSW website,\u201d the regulator said.<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2025\/11\/a8ee29d0-4660-415b-bf16-17576f5ba154-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/lgnsw-to-conduct-compliance-campaign-targeting-hotels-clubs-operating-gaming-machines-outside-their-approved-hours'>L&amp;GNSW to conduct compliance campaign on gaming machine hours<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>The regulator has advised providers to check their returns as it carries out an audit.<\/p>\n","protected":false},"author":226,"featured_media":16278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Liquor & Gaming NSW (L&GNSW) is auditing Betting Service Providers (BSPs) for Point of Consumption Tax (PoCT) compliance in New South Wales, Australia, covering the 2019-2024 financial years. The regulator has identified variations in Net NSW Wagering Revenue (NNWR) calculations and issued guidance, urging BSPs to review and amend historical returns to avoid potential tax defaults, interest, and penalties.","focusai_entities":"Liquor & Gaming NSW, L&GNSW, Betting Service Providers, BSPs, Revenue NSW","focusai_location":"Australia, New South Wales","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (1.0), operator_casino (0.98), tech_data (0.75), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"NNWR Calculation Discrepancies?","query":"What specific discrepancies in Net NSW Wagering Revenue (NNWR) calculation methodologies have L&GNSW identified across Betting Service Providers (BSPs)?"},{"label":"Aggregate Financial Exposure?","query":"What is the estimated aggregate financial exposure for BSPs if historical Point of Consumption Tax (PoCT) returns require significant amendment due to NNWR miscalculation?"}],"footnotes":""},"categories":[16336,156],"tags":[289,337,1206],"class_list":["post-777035576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","tag-australia","tag-regulation","tag-tax"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777035576"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035576\/revisions"}],"predecessor-version":[{"id":777035611,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035576\/revisions\/777035611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16278"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777035576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777035576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777035576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}