Inducements and encouragement prohibited in relation to closing betting accounts
77J Inducements and encouragement prohibited in relation to closing betting accounts
If an account holder asks the provider to close their betting account, the provider must not —
offer any credit, voucher, reward or other benefit as an inducement for the holder to not close their betting account; or
encourage the holder to not close their betting account.
Penalty for this subregulation: for an individual or a body corporate, a fine of $1 000.
The provider does not contravene subregulation (1) if the provider merely —
explains to the account holder the consequences of closing the betting account; and
asks if the holder wishes to proceed with closing the betting account.
[Regulation 77J inserted: SL 2025/30 r. 4.]
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