Community Benefits from Gaming Revenue
Club venue operators are required to contribute at least 8.33 percent of their net gaming machine revenue back to the community each financial year. This annual contribution can take many forms and is governed by way of the preparation and lodgement of an annual Community Benefit Statement with the Victorian Commission for Gambling and Liquor Regulation.
The Community Benefit Statement (CBS) outlines the type of benefits provided by each venue operator and is broken down into the following areas:
- Direct Community Benefits – which includes donations, gifts and sponsorships, costs of providing and maintaining sporting facilities, subsidised activities excluding the provision of alcohol, volunteer services and the provision of advice, support and services to ex-service personnel and their carers and families
- Indirect Community Benefits – this includes capital expenditure such as the provision of buildings and plant and equipment, employment costs and infrastructure costs such as electricity and rent
- Miscellaneous – this includes costs for providing responsible Gambling measures not required by law, as well as the reimbursement of expenses incurred by volunteers
We work with many clubs throughout the Geelong and greater region to assist them in completing, reviewing and auditing their Community Benefit Statement. If you require assistance with your Community Benefits Statement please contact Brigida at firstname.lastname@example.org or on 03 5221 6399.