Quote Originally Posted by marcoau View Post
ATO expect you t declare Tips, but there is no tax on gambling winnings..
Yeah ok so you buy chips with cash, play a bit, then cash the chips in and they transfer money into your bank account. Then when tax time comes you declare that as casino winnings if they ask questions?

That might work a few times but I’m thinking the ATO would have some red flags if someone’s was actually winning frequently at a casino lol and I’m sure the casinos would have a system that recognises continually paying someone out who purchased chips for cash.

You could maybe get away with a couple of k a year tho I suppose.