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Australia’s Coalition Proposes Abolishing National Gambling Regulator

Australia’s Coalition Proposes Abolishing National Gambling Regulator

Australia’s Coalition has announced that it will abolish Australia’s national gambling regulator if it wins power and instead set up an advisory council which would be comprised of representatives of the gaming industry.

Australia’s Coalition Proposes Abolishing National Gambling Regulator

The Coalition has said that it would replace the regulator with an advisory council comprised of gaming industry representatives.

The Coalition has published a set of proposals which have received the support of Clubs Australia.

Furthermore the Coalition has said that it will halt the trial into mandatory pre-commitment where gamblers must specify an overall bet limit on poker machines.

In a statement the Coalition said that it supported a “national voluntary pre-commitment program for electronic gaming machines”. However, it accused Labor of ditching meaningful reform and hindering services to help problem gambling.

In response to the proposals Clubs Australia said, “The Coalition’s approach recognises the work already done and reflects the reality that policies based on proper consultation and consideration work better for problem gamblers than those that are the product of hasty political deals.”

Government estimates say that around half a million Australians are at risk of becoming, or are already, problem gamblers. The problem is largely focused around poker machines which account for $12bn of the $19bn Australians spend on gambling each year.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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