Queensland Consolidated Acts

CRIMINAL CODE 1899 - SECT 443F

443F Using or disclosing inside knowledge for betting

(1) For this section, information or knowledge that a person has about a sporting event or sporting contingency is
"inside knowledge" if—

(a) a person possesses the information or knowledge because the person—

(i) is or was involved in, or connected to, the conduct, management or organisation of the sporting event or any part of the event; or

(ii) has or had a connection to an entity that is, or will be, a participant in the sporting event or any part of the event; and

(b) the information or knowledge is not publicly available information; and

(c) if the information or knowledge were publicly available information, would, or would be likely to, influence persons betting on the event or contingency in deciding whether to bet on the event or contingency; and

(d) use of the information by the person to make a relevant bet would be contrary to the standards of integrity that an ordinary person would reasonably expect of persons in possession of the knowledge or information.

(2) A person who has inside knowledge in relation to a sporting event or sporting contingency and—

(a) makes a relevant bet in relation to the event or contingency; or

(b) encourages another person to make a relevant bet in relation to the event or contingency;

commits a crime.

Penalty—

Maximum penalty—2 years imprisonment.

(3) A person who—

(a) has inside knowledge in relation to a sporting event or sporting contingency; and

(b) discloses the inside knowledge to another person for the purpose of the other person making a relevant bet in relation to the event or contingency;

commits a crime.

Penalty—

Maximum penalty—2 years imprisonment.

(4) A person who—

(a) receives information in relation to a sporting event or sporting contingency from another person; and

(b) knows, or ought reasonably to know, the information is inside knowledge in relation to the event or contingency; and

(c) after receiving the inside knowledge—

(i) makes a relevant bet in relation to the event or contingency; or

(ii) encourages another person to make a relevant bet in relation to the event or contingency;

commits a crime.

Penalty—

Maximum penalty—2 years imprisonment.

(5) For subsection (2) (b) , (3) (b) or (4) (c) (ii) , it does not matter whether a person mentioned in that provision makes a relevant bet in relation to the event or contingency.

(6) In this section—

"publicly available information" means information that—

(a) is readily available to the public; or

(b) has been made known in a manner that would, or would be likely to, bring it to the attention of the public; or

(c) consists of deductions, conclusions or inferences made or drawn from information mentioned in paragraph (a) or (b) .

"relevant bet" , in relation to a sporting event or a sporting contingency, means a bet on the outcome of the event or the happening of the sporting contingency on behalf of any person.