Wednesday 22 May, 2013
The NSW Government today introduced legislation to impose a levy on the Sydney Star casino to help cover the cost of monitoring and regulating its operations, Minister for Hospitality, George Souris, said.
Mr Souris said the Casino Control Amendment (Supervisory Levy) Bill 2013 will help recoup costs incurred in regulating the casino.
"The Bill amends the Casino Control Act 1992 to allow a casino supervisory levy to be imposed on the casino operator," Mr Souris said.
"Regulating the activities of the Sydney casino is one of the key responsibilities of the Independent Liquor and Gaming Authority.
"The Authority’s functions include, the licensing of individuals performing sensitive functions at the casino, approval of new games, auditing casino revenue and, most importantly, the monitoring of casino operations on a 24-hour, seven-day-a-week basis through its on-site inspectors".
Mr Souris said that the Authority also undertakes detailed licence investigations under Section 31 of the Act every five years and inquires into specific matters as required.
"Under existing arrangements, much of the cost of maintaining the casino regulatory regime in NSW is borne by taxpayers and it is appropriate that the casino bears that cost.
"There is currently no ongoing levy imposed on the casino to assist in meeting the day to day public costs of maintaining this regulatory system.
"The Bill provides for the introduction of a levy to defray these costs and ensure a high degree of oversight and supervision of the casino is maintained.
"The amount of the levy will be prescribed via the power to regulate under the Casino Control Act. This will allow it to be adjusted periodically for inflation and to reflect adjustments to the regulatory activities, as necessary."
Mr Souris said the Government’s intention is to have new regulations in place for the 2013-14 financial year.
"A casino environment demands intensive oversight to ensure unique risks associated with such a venue are identified and managed within a strict regulatory framework," Mr Souris said.
"Regulatory systems are in place to protect industry integrity and ensure that the operation of the casino is free from criminal influence and also to promote community confidence".