(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.