What does it mean for Souths Juniors losing their tax-free status?
ONE of Australia's biggest league clubs, Souths Juniors, has lost its tax-free status after a tribunal found its main activity was gambling rather than sport.
The court decided its operation of a "miniature Las Vegas" overtook its support for junior rugby league or the NRL's South Sydney Rabbitohs.
The decision, which is a victory for the taxman, could affect 3000 clubs nationwide as it threatens the privileged tax status of the clubs industry.
Source(s):
news.com.au
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