Process for account holder to set or change deposit limit
77M Process for account holder to set or change deposit limit
The provider must ensure that the process for an account holder to set or change the deposit limit to which their betting account is subject is simple and easy for a reasonable person to use.
Penalty for this subregulation: for an individual or a body corporate, a fine of $1 000.
The provider must ensure that the process for an account holder to set or change the deposit limit to which their betting account is subject —
allows the holder to choose the duration for which the deposit limit applies from at least 2 options offered by the provider, including, for example, the following —
1 day;
1 week;
1 fortnight;
1 month;
and
does not allow the holder to choose a duration for which the deposit limit applies of more than 1 month; and
allows the holder to set or change the deposit limit themselves by any means by which the holder may use the betting account to place a bet; and
allows the holder to request, in person or by telephone or email, that the provider set or change the deposit limit.
Penalty for this subregulation: for an individual or a body corporate, a fine of $1 000.
The provider must prominently display the process for an account holder to set or change the deposit limit to which their betting account is subject —
if the provider maintains a website — on the website; and
if an account holder is able to access their betting account using the Internet — at the location on the Internet at which the holder accesses the betting account.
Penalty for this subregulation: for an individual or a body corporate, a fine of $1 000.
[Regulation 77M inserted: SL 2025/30 r. 4.]
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