Control over the activities of bookmakers
In New South Wales (NSW), betting shops are regulated by the Betting and Racing Act 1998, Totalizator Act 1997 and the federal Interactive Gambling Act 2001. The purpose of the regulation is to ensure betting integrity, player protection and prevent illegal transactions, including money laundering and underage involvement.
1. Bookmakers licensing
Operators must have a licence issued in NSW or another Australian jurisdiction with the right to operate in the state.
Licensing involves checking the financial stability, reputation of owners and management.
The use of certified systems for accepting and accounting rates is a prerequisite.
2. Supervisory authorities
Liquor & Gaming NSW - monitors compliance with legislation and licence conditions.
Profile bodies by sport or horse racing (e.g. Racing NSW, Greyhound Racing NSW).
Federal structures - to monitor compliance with the Interactive Gambling Act 2001 and anti-money laundering measures.
3. Operator Requirements
Connecting to players' self-exclusion systems.
Ensuring responsible play tools - limits on deposits, bets and time.
Privacy Act 1988.
Maintaining transparent financial statements and providing them to the regulator.
4. Controls and checks
Scheduled and unscheduled audits of bookmakers' activities.
Monitoring rates to identify suspicious or insider transactions.
Using data analysis systems to prevent match fixing.
5. Restrictions and prohibitions
Acceptance of bets only from persons over 18 years old.
Ban on ads targeting minors.
Restrictions on certain types of live rates in accordance with federal law.
6. Sanctions for violations
Fines and temporary suspension of license in case of violations of working conditions.
License revocation for serious or repeated violations.
Criminal liability in cases of fraud, corruption or participation in illegal schemes.
Conclusion:
1. Bookmakers licensing
Operators must have a licence issued in NSW or another Australian jurisdiction with the right to operate in the state.
Licensing involves checking the financial stability, reputation of owners and management.
The use of certified systems for accepting and accounting rates is a prerequisite.
2. Supervisory authorities
Liquor & Gaming NSW - monitors compliance with legislation and licence conditions.
Profile bodies by sport or horse racing (e.g. Racing NSW, Greyhound Racing NSW).
Federal structures - to monitor compliance with the Interactive Gambling Act 2001 and anti-money laundering measures.
3. Operator Requirements
Connecting to players' self-exclusion systems.
Ensuring responsible play tools - limits on deposits, bets and time.
Privacy Act 1988.
Maintaining transparent financial statements and providing them to the regulator.
4. Controls and checks
Scheduled and unscheduled audits of bookmakers' activities.
Monitoring rates to identify suspicious or insider transactions.
Using data analysis systems to prevent match fixing.
5. Restrictions and prohibitions
Acceptance of bets only from persons over 18 years old.
Ban on ads targeting minors.
Restrictions on certain types of live rates in accordance with federal law.
6. Sanctions for violations
Fines and temporary suspension of license in case of violations of working conditions.
License revocation for serious or repeated violations.
Criminal liability in cases of fraud, corruption or participation in illegal schemes.
Conclusion:
- Control over the activities of bookmakers in NSW includes a strict licensing system, constant supervision and strict sanctions for violations. This guarantees players the safety and transparency of bets, and protects the industry from illegal actions and abuse.
