Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p8
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 8/58)
Character Range: 659249–662055

the amount recovered is to be added to your total amounts wagered, referred to in subsection 126‑10(1), for that tax period.
 (4) This section has effect despite sections 21‑5 and 21‑10 (which are about adjustments for writing off and recovering suppliers' bad debts).

126‑25  Application of Subdivision 9‑C
  Subdivision 9‑C does not apply to a *gambling supply.

126‑27  When gambling supplies are connected with the indirect tax zone
 (1) A *gambling supply is connected with the indirect tax zone if the *recipient of the supply is an Australian resident (unless he or she is an Australian resident solely because the definition of Australia in the *ITAA 1997 includes the external Territories).
 (2) This section has effect in addition to section 9‑25 (which is about when supplies are connected with the indirect tax zone).

126‑30  Gambling supplies do not give rise to creditable acquisitions
 (1) An acquisition of a thing is not a *creditable acquisition if the supply of the thing acquired was a *gambling supply.
 (2) This section has effect despite section 11‑5 (which is about what is a creditable acquisition).

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.
 (2) This section has effect despite section 9‑15 (which is about what is consideration).

126‑33  Tax invoices not required for gambling supplies
 (1) You are not required to issue a *tax invoice for a *taxable supply that you make that is solely a *gambling supply.
 (2) This section has effect despite section 29‑70 (which is about the requirement to issue tax invoices).

126‑35  Meaning of gambling supply and gambling event
 (1) A gambling supply is a *taxable supply involving:
 (a) the supply of a ticket (however described) in a lottery, raffle or similar undertaking; or
 (b) the acceptance of a bet (however described) relating to the outcome of a *gambling event.
 (2) A gambling event is:
 (a) the conducting of a lottery or raffle, or similar undertaking; or
 (b) a race, game, or sporting event, or any other event, for which there is an outcome.

Division 129—Changes in the extent of creditable purpose

Table of Subdivisions
129‑A General
129‑B Adjustment periods
129‑C When adjustments for acquisitions and importations arise
129‑D Amounts of adjustments for acquisitions and importations
129‑E Attributing adjustments under this Division

129‑1  What this Division is about
      The extent to which an acquisition or importation