(1) The holder of a player account (the player ) with a licensee may, by written notice given to the licensee, set limits on the following:
(a) the amount the player may hold in the account;
(b) the amount the player may use from the account at a time or during a period.
Examples
1 no more than $200 may be held in the account
2 no more than $50 may be used from the account during a week
Note An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).
(2) The player may, by written notice given to the licensee, change a limit set under subregulation (1).
(3) However, if the player changes a limit in a way that makes funds more readily available for gambling (for example, by increasing the amount that may be used during a period), the change does not take effect until 1 week after the day the licensee is given notice of the change.
(4) A licensee commits an offence if—
(a) the licensee allows the player to use the player account otherwise than in accordance with any limit set under this regulation; or
(b) the licensee allows the player to use the player account in accordance with a change to a limit under subregulation (2) before the change takes effect; or
(c) the licensee allows the player to overdraw the player account; or
(d) the licensee allows the player to hold more than $500 in the player account.
Maximum penalty: 5 penalty units.
Note Reg 35 (1) sets a limit of $500 on player accounts.
(5) An offence against this regulation is a strict
liability offence.
Part 8 Linked jackpot arrangements
Division 8.1 Linked jackpot arrangements generally