Coalition Plans Crack- On Illegal Offshore Gambling
The Coalition Government has introduced legislation into the Parliament to combat illegal offshore wagering. The Interactive Gambling Amendment Bill 2016 amends the Interactive Gambling Act 2001 to implement key parts of the Government’s response to the 2015 O’Farrell review into illegal offshore wagering.
The review estimated that between $64 million and $400 million is spent on illegal online wagering services with a further $100 million annually lost in taxation revenue and product fees.
One initiative is to place company directors or pripals of offending gambling companies on a “movement alert list” so any travel to Australia can be disrupted.