Australian Capital Territory Gambling & Racing Commission Licensed Online Casinos and information on Australia Regulatory Body

Overview

Operating under the Gambling and Racing Control Act from 1999, the Australian Capital Territory Gambling & Racing Commission is an independent government-appointed gambling authority with quite a few different responsibilities related to gambling activities in its territory.

Some of these responsibilities include regulating and monitoring both sports betting, racing and all gambling activity forms and researching the social and other effects of gambling. The Australia Regulatory Body is also tasked with funding activities that can present gambling-related harm, offering counseling and education services, reviewing different gambling laws and regulations, and submitting gambling-related recommendations to the responsible ministry. 

The Australian Capital Territory Gambling & Racing Commission is also tasked with investigating gambling-related activities and issues and collecting fees, charges, and taxes according to local gambling laws and regulations.

The gambling regulatory body works in a way to promote the public interest by protecting player rights, minimizing illicit and illegal activities, and reducing the costs and risks related to gambling harm. One of the main goals of the Australia Regulatory Body is to create a safe and reputable gambling environment and minimize gambling-related harms by promoting integrity, fairness, innovation, and teamwork.

For casinos to operate in the country, they need to obtain a license issued by the Australian Capital Territory Gambling & Racing Commission. All licensing forms and associated licensing costs are detailed on the official website. 

The cost of getting approval for a change of ownership is $3,359. There are also different costs associated with getting a casino lease, casino employees, changing employees’ licenses, renewing casino employee licenses, and more. 

According to the Interactive Gambling Act, licensed online casino operators can legally offer their gambling-related services and products to residents of Australia. The main online gambling legislation was amended back in 2017 and according to this particular amendment, certain forms of online gambling activities are illegal on a federal level. Licensed gambling operators pay taxes on their gross gaming revenues and the tax rates vary between different states.