Tag Archives: victoria

ACMA to launch comprehensive gambling self-exclusion scheme for Australia

ACMA

The Australian Communications and Media Authority (ACMA) has published its roadmap 2022/2023 technical directives to better regulate businesses operating within Australia’s media, digital and telecom sectors.   Though the ACMA holds no legislative authority over gambling licences, the federal agency has been granted rights by Australia’s six states to set gambling standards with regards to advertising, compliance duties and customer protections. …

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NSW levels Australia POCT wagering tax at 15% across all states

SBC News NSW levels Australia POCT wagering tax at 15% across all states

Publishing its 2022/2023 state budget, the Treasury of New South Wales (NSW) has confirmed a 5% increase in the Point of Consumption Tax (POCT) related to wagering services.  As of July 2022, NSW will demand that all state-licensed bookmakers pay a POCT rate of 15% applied to all sports betting wagers (online and land-based). NSW introduced a 10% POCT wagering …

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Melbourne spike sees Tabcorp close TAB Victoria betting shops

SBC News Melbourne spike sees Tabcorp close TAB Victoria betting shops

Tabcorp Holdings has been forced to close a significant number of TAB betting shops and agents across Victoria, after State Premier Daniel Andrews enforced a further coronavirus lockdown. On Monday, following a spike of more than 200 new cases in the district area of Melbourne, the Victoria government issued a border closure between Victoria and New South Wales – Australia’s …

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Tabcorp defends ‘POC position’ against Racing Queensland

tabcorp

Australia ASX-listed gambling group Tabcorp Holdings faces a legal dispute with Racing Queensland related to Australian betting’s new point-of-consumption (POC) tax charge. Unable to reach an agreement on POC ‘additional payments’, the governance of Racing Queensland has moved to file a Supreme Court challenge against Tabcorp subsidiary UBET Queensland. Implementing its state budget mandate, in October 2018 the Queensland government …

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Victoria makes first move on AUS National Framework

SBC News Victoria makes first move on AUS National Framework

Victoria has become the first Australian state to implement the mandate of the federally approved ‘National Consumer Protection Framework’, adding several new policies and requirements to its online gambling laws. Commonly referred to as the ‘National Framework’, the mandate was first established in December 2018, with the governments of New South Wales, Queensland, South Australia, Tasmania, Victoria and Western Australia agreeing to collaborate …

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Australian Capital Territory pushes forward with 15% POC tax charge

SBC News Australian Capital Territory pushes forward with 15% POC tax charge

The Australian Capital Territory (ACT) has confirmed that it will move to implement a 15% point-of-consumption (POC) tax charge on all remote gambling services. The ACT government which overseas legislation for Canberra, has confirmed that it will move to implement its POC tax charge by the beginning of 2019. The new policy will charge betting operators a 15% tax on …

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Victoria to introduce lowest consumption tax in Australia

Neds - Copyright: somartin / 123RF Stock Photo

The Victorian Government is to introduce an eight per cent online point of consumption tax, which it has been stated will raise an estimated $30m per year, report Australian media outlets. Coming into force at the start of 2019, and taking a proportion of bookmakers monthly earnings, Treasurer Tim Pallas, announcing its introduction, said the tax has been designed to …

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Tabcorp extends South Australia retail exclusivity

SBC News Tabcorp extends South Australia retail exclusivity

Australian gaming operator Tabcorp has seen a retail exclusivity within one of its home states receive an tentative extension agreement, pending approval by the Independent Gambling Authority. Operating through its wholly owned subsidiary ‘UBET SA Pty Ltd,’ the retail wagering license with South Australia is now set to be exclusive until the end of 2032, after its new arrangements are …

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New James Bond contender says Betway

SBC News New James Bond contender says Betway

Victoria star Tom Hughes has entered the reckoning to be the next James Bond, with Betway introducing him to the market at 20/1.  The ITV period drama star has wooed audiences over the past couple of months and now the leading online bookmaker is reporting interest in Hughes being offered the 007 job. Poldark’s Aidan Turner, Ben-Hur star Jack Huston and …

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Victoria to get tough on Gambling advertisement

SBC News Victoria to get tough on Gambling advertisement

The Victoria (Australia) state government has begun consultations on potential restrictions to gambling services advertising. Multiple Australian news sources have reported this weekend that state governance is reviewing plans to ban gambling advertisements being published within public transport services and near schools. State Gaming Minister Marlene Kairouz who is reviewing advertising standards proposals, commented that Victoria’s community was concerned with …

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