Regulation Impact Statement – Department of Communications
On 10 November 2016, the Interactive Gambling Amendment Bill 2016 was introduced in Parliament, following the Review of Illegal Offshore Wagering which found that between $64 and $400 million is spent on illegal online wagering services each year. The Bill amends the Interactive Gambling Act 2001 to prohibit ‘click to call’ in-play betting services and increases powers of the Australian Communications and Media Authority to enforce privisions within the Interactive Gambling Act 2001.
A Regulation Impact Statement (RIS) was prepared and certified by the Department of Communications and has been assessed as compliant and best practice by the Office of Best Practice Regulation.
The RIS estimates the preferred option will have an annual average regulatory cost of $58,000 per year, and identifies regulatory offsets.