Gambling Webhosting and Licensing

Wednesday, 20 September 2017

Online gambling - jurisdictions - Australian Capital Territory

Australian Capital Territory gambling licenses

Australian Capital Territory (ACT) (formerly, "The Territory for the Seat of Government" and, later, the "Federal Capital Territory") is a territory in the south east of Australia, enclaved within New South Wales. It is the smaller of the two self-governing internal territories in Australia. The only city and by far the most populous community is Canberra, the capital city of Australia.

The Australian Capital Territory, along with Victoria, is an Australian jurisdiction whose Internet gambling legislation accords to the Australian Capital Territory's National Model, which stipulates that licenses granted in one state or territory receive reciprocal status in the other states or territories. Interactive casino gaming may be licensed through the ACT, but the license-holder may not offer bets or market to people located in Australia.

Corporate tax: 30%
Gambling tax: TBA


The Australian Capital Territory (ACT) is an Australian jurisdiction whose Internet gambling legislation accords to the Australian Capital Territory's National Model, which stipulates that licenses granted in one state or territory receive reciprocal status in the other states or territories.

However, the Commonwealth Government has legislated in the area of online gambling with the Interactive Gambling Act 2001 (IGA). The IGA prohibits interactive gambling services, with online wagering and online lotteries being the only exceptions. Commonwealth laws override state and territory laws, so while the Commonwealth’s law is in effect, the ACT’s Interactive Gambling Act ceases to operate. This means the ACT does not regulate online gaming services.

Overview:

Security Requirements / Indemnity for Player Deposits:
Provider must hold player funds in an approved trust account.

Licence Fee:
$200,000 when license is granted
$100,000 every year after that

Software Testing Requirements:
Any software being used must be included within a “control system submission”. This includes everything to do with the licensees proposed gaming system and needs to be approved before any site is opened up. Any changes to this must go through the regulator.

Reporting Requirements to Regulators:
At the end of each financial year an audit must be produced within three months. The financial statements and accounts must include trading accounts (if applicable), profit and loss accounts, and a balance sheet.

Contact Details:
Address:
ACT Gambling and Racing Commission
Level 2, Canberra Nara Centre
1 Constitution Avenue
Canberra City, Australian Capital Territory
Australia 2601

Website: www.gamblingandracing.act.gov.au
Email: grc@act.gov.au
Fax: +61 2 6207 7372
General Information: +61 2 6207 0359

Online casinos licensed in Australian Capital Territory:
ACTTAB
Tatts

--------

Want to start your own casino?

To offer a casino from Curacao you will need:

1. A reliable trust/management company
2. A license
3. Servers
4. And games to offer your audience

The smart way to start an online casino.

GamblingTec offers a hosted casino solution for as little as €29.95 per month.

Get your Cubeia casino up and running with us!

www.gamblingtec.com





Gambling Webhosting for your Casino

CuracaoWebhosting.com offers affordable gambling hosting and casino hosting from Curacao. We are based in ECP (the islands premier data center) and host a variety of local and international casino company websites.

We work with BitCoin as well as fiat based casinos and would advise you to host your casino in a reliable offshore jurisdiction.

Contact us now

No comments:

Post a Comment