Hey guys
I'm wondering if anybody knows what the current state of the law is in regard to paying tax on poker winnings in Australia. I know that in the USA it's a good idea to keep good records an show it to a tax professional to figure out or something, is that the same in Australia? Because I vaguely recall reading somewhere that poker is considered recreation or something in Australia and you don't need to pay tax on it. I might be way off though.
Any help on the topic would be greatly appreciated.
Thanks