🤑 Australian online gambling reform: Extraterritorial reach - LawExchange International

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Online gambling in Australia, whether offered by providers located in Australia or offshore, is regulated at a Federal level under the Interactive Gambling Act (​Cth) (IGA). Many reviews have been undertaken over time by the Australian Government in relation to LawExchange International


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The Review of the Interactive Gambling Act estimated the amount of operators in , and this is expected to increase to $ million by


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department) would undertake a review of the Interactive Gambling Act (the IGA). An interim report from the review was released for public comment on


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The Interactive Gambling Act (IGA) was passed in June by the Australian Government released a discussion paper for the review of the Interactive Gambling Act This page was last edited on 24 January , at (​UTC).


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Online gambling in Australia, whether offered by providers located in Australia or offshore, is regulated at a Federal level under the Interactive Gambling Act (​Cth) (IGA). Many reviews have been undertaken over time by the Australian Government in relation to LawExchange International


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The proposed amendments to the key Federal gambling legislation are in their final stages of review by the Australian Parliament and are likely.


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A familiar theme now dominates the front pages: for too long, the betting industry has encouraged excessive spending, exploited vulnerable people, and failed to tackle money laundering or protect its customers. In other words, a new review should be more novella than novel. Because of the risks of scope and time, there is an argument that instead of One Single Big Act, a series of smaller interventions could be drafted around specific questions — not dissimilar to the approach taken in the shorter act on online gambling. Order by newest oldest recommendations. Loading comments… Trouble loading? The act reads like a Victorian novel. Similar scandals have highlighted the industry use of VIP schemes , and the fact that some FA Cup games have been exclusively streamed via betting giants such as Bet These stories have led to outrage. A new review must be based on a premise that incorporates the reality of machines as well as humans and the market. Fourth is the question of scale. Politically, the outrage has led to a cross-party consensus that it is time for change. The stories stack up. It is important that a new review does not create a similar delay. It categorises and it promulgates, it espouses key concepts in subclauses. First is the question of its premise. A new review will require someone of the stature and integrity of Alan Budd to lead it, and its success will depend on the quality of the relationship between the Department of Health, the Treasury and — if the rumours in Whitehall are true — whatever is about to replace DCMS. Second is the question of scope. Reuse this content. None of these four challenges will be easy to resolve. The Guardian recently showed how one operator profits from a company that treats gambling addicts. It is now embedded in every aspect of our lives: our banks, high streets, television screens and football teams. And, in the breakdown of that relationship, many people have been harmed. When we talk about gambling, we enter a vast world that spans questions from addiction and isolation to market failure and machine learning. Technological change is mentioned, but the report could not have foreseen the rise of smartphones and social media — let alone recent developments in data analytics and algorithmic intelligence. Research suggests that there are just under half a million problem gamblers who have their lives damaged by debt, depression, family breakdown and, in the worst cases, suicide. Third is the question of time. Most popular.{/INSERTKEYS}{/PARAGRAPH} A review of the act will require a Budd report fit for the digital age. Show 25 25 50 All. It will face four big challenges. It is a world that stretches the limits of the relationship between freedom and the protection of the state. Threads collapsed expanded unthreaded. Topics Gambling Opinion. Budd sought a balance between the freedom to gamble and protection from harm. It is a hefty tome. If the same happens now, then by the time a new act comes into effect, in , the industry will have changed beyond recognition, with new products, new markets and new types of currency. Echoing both the Labour party and campaigners, the government has just committed to a review of the Gambling Act. This was the right question to ask at the time, but since the world has experienced technological change that Budd could not have foreseen. There has also been a Lords inquiry into gambling, an all-party parliamentary group inquiry into gambling-related harm, and material published by the Department for Digital, Culture, Media and Sport select committee. Budd worked on the premise that a balance could be struck between economic freedom and social protection. The advantage to this approach would be that it ensures leanness and agility. The Budd report took over a year to write and was published in The act became law in and was fully implemented in The whole process took the best part of a decade. There is an argument that new legislation should be leaner and agile enough to respond to innovation and change. The disadvantage would be that it risks being piecemeal. Gambling has become a canary in the coalmine of our economy. {PARAGRAPH}{INSERTKEYS}N ot a day goes by without another horror story about gambling.