MICK Gentleman says Local community clubs will benefit from tax reforms under a re-elected ACT Labor Government.
“The reforms will target those community clubs that are defined as small and medium sized, which is those clubs and/or groups with less than $4m of gaming revenue per annum,” Mick said.
“ACT Labor has listened to our community clubs, and today we are pleased to announce a range of reforms to help small to medium clubs continue to serve the Canberra community.
“Just as we help small businesses with tax concessions, we’ll use these reforms to create a level playing field so smaller clubs remain viable and competitive.
“We’ll help those clubs move their operations out of gaming, so they can be viable long-term and reduce the number of gaming machines they operate.
“The tax reform plan announced today aims to provide tax relief to smaller and medium clubs. Those eligible for the package generate less than 20 per cent of gaming revenue in the ACT. From 2017-18, ACT Labor will:
- Provide a Community Club Grant (CCG) of $10,000 to every small to medium club; and
- Introduce a small and medium club gaming tax rebate to allow smaller clubs to retain 50 per cent of their gaming tax revenue to re-invest into their organisation.
“The small to medium clubs have actively engaged with ACT Labor to come up with some new ways that we can continue to provide support to the Canberra community clubs we love.
“Rather than playing politics, the small to medium clubs sector has come to ACT Labor with a plan for a stronger clubs sector – designed to secure their future. We have been pleased to have been able to work constructively with them, to deliver a practical plan to assist them, and through them, the whole community.
“ACT Labor has listened to small and medium community clubs about their need for practical assistance and today we are pleased to announce a range of agreed reforms for small to medium clubs to do just that,” Minister Gentleman concluded.