77N
CurrentProvider must give effect to changed deposit limit
Part 3AConsumer protection
Division 4Deposit limits
77N Provider must give effect to changed deposit limit
(1)
If an account holder requests that the provider decrease the deposit limit to which their betting account is subject, the provider must give immediate effect to the request.
Penalty for this subregulation: for an individual or a body corporate, a fine of $1 000.
(2)
If an account holder requests that the provider increase the deposit limit to which their betting account is subject, the provider must give effect to the request, but no earlier than 7 days after the request is made.
Penalty for this subregulation: for an individual or a body corporate, a fine of $1 000.
[Regulation 77N inserted: SL 2025/30 r. 4.]
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