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Inter-Governmental Relations (Functions and Funding) (Amendment) Act 2017

PAPUA NEW GUINEA

Inter-Governmental Relations (Functions and Funding) (Amendment) Act 2017.

No. 4 of 2017.

Certified on: 13 APR 2017

ARRANGEMENT OF SECTION.

Amount of Turnover Tax Distribution to Provincial Governments (Amendment of Section 49).

An Act

entitled

Inter-Governmental Relations (Functions and Funding) (Amendment) Act 2017.

Being an Act to amend the Inter-Governmental Relations (Functions and Funding) Act 2009,

MADE by the National Parliament and deemed to come into operation on 1 January 2017.

AMOUNT OF TURNOVER TAX DISTRIBUTION TO PROVINCIAL GOVERNMENTS (AMENDMENT OF SECTION 49).
Section 49 of the Principal Act is amended by repealing and replacing it with the following new section:

"Subject to Section 51 (a) , each Provincial Government shall be entitled to receive for the fiscal year commencing -

• (a) on 1 January 2009 and each subsequent fiscal year, the total amount of turnover tax paid for the second preceding fiscal year by the licensed bookmakers within that Province; and
• (b) from 1 January 2019 and each subsequent fiscal year, 40 percent of the total amount of turnover tax paid for the second preceding fiscal year by the licensed bookmakers within that Province.".

I hereby certify that the above is a fair print of the Inter-Governmental Relations (Functions and Funding)(Amendment) Act 2017 which has been made by the National Parliament.

Acting Clerk of the National Parliament.

13 APR 2017

I hereby certify that the Inter-Governmental Relations (Functions and Funding) (Amendment) Act 2017 was made by the National Parliament on 3 February 2017.

Speaker of the National Parliament.

13 APR 2017