Victorian Current Acts

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GAMBLING REGULATION ACT 2003 - SECT 7.4.16

Limitation on amount wagered

    (1)     A registered player may, by notice to a licensed provider, set a limit on the amount the player may wager.

    (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:     240 penalty units.



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