Certainly, the craze of online gambling has taken over the entire world especially when it comes to Australia. However, with the rise of the gambling craze, problems related to it have also elevated. Due to this, the Australian government is aiming towards introduction of better and stricter consumer protection laws in order to safeguard the players. According to the media reports, the ministers of the nation proposed an in-principle agreement of the reforms, which are likely to be implemented by the end of July 2017.
National Consumer Protection Framework in Australia
Under this new framework, state and federal governments have planned to invest $3 million in the development of national gambling research model. This model will further help in comprehending the effects of gambling on players and the ways it poses to be a big problem. Through this model, the government is aiming at figuring out solutions that can help the nation in preventing problem gambling issues.
This framework will make problem gamblers to ban themselves voluntary from the gambling sites. It will ban the gambling sites from offering the free credits to the players, as it motivates them to play more. With free credits, the players continue to play casino games to the extent where they get addicted to it. This particular framework will also introduce the pre-commitment options where gamblers will have the liberty to set the highest amount that they are ready to lose.
In the words of Alan Tudge
Human Services, Alan Tudge recently mentioned in an interview that the current law is certainly going to bring stronger protection for the players who love gambling. He even stated that the rate of problem gambling online is higher in Australia when compared to other nations or states. It is actually three times higher with online wagering rising by 15 percent annually. He said that these problems are expected to rise in the future. The nation will have to take better protection of the same. Tudge is hopeful that the proposed measures will have a great impact. At the same time, offering an opportunity to the players to enjoy their favourite slots.
The new law will have a better control over gambling and will prevent players from getting into gambling addiction. He insists upon taking more sensible actions. In fact, he has taken a decision to work with gambling, telecom and financial industries. So that together they are able to explore the possibility of blocking ISPs of all the gambling operators that are unlicensed. Tudge also mentioned that financial institutions should also be encouraged to block gambling transactions.
Interactive Gambling Amendment Bill of Australia
The recent reforms will make it possible to protect the players. However, it will restrict unlicensed offshore companies to boost their gambling business by targeting Australian players. In addition to this, the parliament of the nation is all set to come up with Interactive Gambling Amendment Bill. This bill is most likely to ban online poker. But it will improve the overall status of online gambling industry in the nation.
Australia is a nation that does not allow online poker. This means that online poker operators will be left with no choice, but to exit from the gambling market. Further, if this happens, then a number of online poker players will actually be exposed to the offshore companies operating in the country. These companies only aim at making monetary interests without paying any heed to the domestic laws of the country.
It’s certain that Australia will come up with some protective laws. This will help it prevent problem gambling cases and provide a safer environment to the casino gamblers.