Australia’s first ‘National Consumer Protection Framework’ will solidify the nation’s status as “a leader in social responsibility in wagering”, according to the Minister for Social Services Paul Fletcher.
The six state governments of New South Wales, Queensland, South Australia, Tasmania, Victoria and Western Australia will now collaborate on developing consistent nationwide policies, regulating the online gambling sector.
Seeking to harmonise regulatory codes, practices and standards, the National Framework published its founding ‘10 measures’ which will be implemented progressively over the next 18-month period:
Prohibiting all lines of credit for online wagering/gambling
Barring payday lending functions for betting consumers
Developing unified ID-verification standards and processes
Applying restrictions on inducements – vouchers, refer-a-friend schemes and bonuses
Enforcing a ‘voluntary opt-out’ player commitment scheme
Establishing standards and requirements for consistent messaging on online gambling marketing
Monitoring online gambling operator staff training
Putting forward requirements on data gathering of player transactions and activities
Supervising correct operator ‘Account Closure’ procedures
Establishing and operating Australia’s ‘National Self Exclusion Register’