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State Parliament Welcomes Gambling Regulation Reforms
November 21, 2018 Jim Murphy
Starting on December 1, the way the gambling sector in South Australia is regulated will be changed. This comes after the legislation to progress essential gambling regulation reforms ed State Parliament.
It is determined that the Independent Gambling Authority (IGA) will cease operations on December 1…
…whereas Consumer and Business Services (CBS) will take over all regulatory and policy activities!
The Word from Attorney-General
Attorney-General Vickie Chapman had something to say about the legislation and the changes that will take place. From now own, the IGA and CBS staff will have to cooperate…
…if they want a smooth transition to the new system as well as a proper functioning of it
Ms. Chapman noted: “This is about providing the best regulatory environment for both the sector and the community. The review of gambling regulation by former Supreme Court Judge Tim Anderson has highlighted the need for reform, and we intend to deliver.”
Furthermore, she pointed out: “These changes will eliminate any doubling up of regulatory and policy functions, and ensure there can be an effective, coordinated response to issues as they arise.”
Newly-Appointed Roles
According to Chapman, the CBS is obliged to update license holders on what the effects of this legislation are before the switch takes place on the first day of December.
Ms. Vickie Chapman briefly explained: “Ultimately, both licensees and the broader community should experience little-to-no difference in operations on December 1 – beyond Consumer and Business Services now being the main point of , and not the IGA.”
Gambling Reforms
Australia has been quite active this year when it comes to the gambling reform strategy and the alteration to the gambling laws. However, it hasn’t been going as planned and Ladbrokes decided…
…to pull out of collaboration because of the development delays
The group was dissatisfied with a lot of aspects including the betting limits that were imposed upon the procedure, plus there were several failed attempts to exclude a self-inclusion function, not to forget a ban on stimulating packages.
Lottery Betting Ban
Things are changing in all gambling spheres Down Under. Earlier this year, the Australian government confirmed the ban on online lottery betting…
…causing protests, objections and dissatisfaction of the people
Not only were the people affected by this decision, but some of the companies would also face the consequences. One of these companies is Lottoland as they were combating against this ban with a powerful campaign.
More Bans
It all seemed flawless for the Australian online gambling as 2018 started until Bitcoin got banned. This cryptocurrency exploded last years, but in 2018 it reached a plateau and became steady with more natural fluctuations.
After starting to offer Bitcoin as one ways of paying for online gambling services, Aussies did a 180 degree turn banning Bitcoin and Bitcoin adds altogether.
After so many bans, it is a refreshment to see the of legislation in the State Government. In case you want to get a glimpse of the official document and rear about it in greater details, check it out here.
Source:
“Gambling regulation reforms State Parliament”, agd.sa.gov.au, November 15th 2018
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Our government doesn’t know anything. They are making it worse for the people who like to gamble in this country. Not sure much will change with this legislation