AustLII Tasmanian Numbered Acts

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GAMING CONTROL AMENDMENT (TRADING ACCOUNTS) ACT 2001 (NO. 5 OF 2001) - SECT 4

Section 76ZZAA inserted

After section 76ZZ of the Principal Act , the following section is inserted in Division 10:

76ZZAA.     Trading accounts

(1)  In this section,
trading account means an account established with a licensed provider holding a Tasmanian gaming licence endorsed with a sports betting endorsement or a fixed odds wagering endorsement, or both, by a player or other person, being an account that may be operated so as to have credit and debit balances.
(2)  A licensed provider may apply to the Commission for an authority to operate trading accounts.
(3)  An application is to be in a form that is approved by the Commission.
(4)  On receipt of an application, the Commission may grant or refuse to grant an authority to operate trading accounts.
(5)  An authority to operate trading accounts is subject to the conditions determined by the Commission and specified in the authority.
(6)  Despite any other provision of this Act, a licensed provider who holds a Tasmanian gaming licence endorsed with a sports betting endorsement or a fixed odds wagering endorsement, or both, may operate a trading account in respect of a player or other person if the provider –
(a) is the holder of an authority to operate trading accounts; and
(b) considers that –
(i) the player or other person is suitable to have access to a trading account; and
(ii) it is otherwise appropriate to operate the trading account; and
(c) operates the trading account in accordance with the conditions to which the authority to operate trading accounts is subject.
(7)  At any time a licensed provider that is operating a trading account in respect of a player or other person may close it.


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