Licensed and registered clubs are not-for-profit organisations.
This means that any “profits” accrued by clubs are returned to the community, rather than distributed to shareholders or owners.
Despite being not-for-profit, a recent study by KPMG found that clubs pay more than $2.4 billion in tax to revenue authorities each year.
Clubs pay a range of local, state and federal taxes, including:
- gaming machine tax
- payroll tax
- company income tax
- fringe benefits tax
- stamp duties
- various local government rates and levies
Gaming machine tax is the largest, single form of taxation applied to the Australian club industry.