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INTERACTIVE GAMBLING (PLAYER PROTECTION) ACT 1998 - SECT 136
Limitation on amount wagered
136 Limitation on amount wagered
(1) A registered player may, by written notice to a licensed provider, set a
limit on the amount the player may wager. Examples— 1 The player might set
a limit in relation to a particular game the player is about to play.
2 The
player might set a limit by reference to a stated maximum for all games
conducted by the licensed provider over a stated period (e.g. a limit of $100
over 1 month).
3 The player might set the limit at zero thus effectively
preventing himself or herself from engaging in authorised games conducted by
the licensed provider until the limit is relaxed or removed.
(2) A player
who has set a limit under this section may change or revoke the limit by
written notice given to the licensed provider.
(3) A notice increasing or
revoking the limit does not have effect unless— (a) 7 days have passed since
the provider received the notice; and
(b) the player has not notified the
provider of an intention to withdraw the notice.
(4) A notice reducing the
limit has effect on its receipt by the licensed provider.
(5) A
licensed provider must not accept a wager from a player contrary to a limit
set for the player under this section. Penalty— Maximum penalty for
subsection (5) —100 penalty units.
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