Gambling in Australia is a tremendously popular leisure. This type of entertainment, including mobile online casinos in Australia, is used by over 82% of adult Australians. It is the highest figure in the world as an Australian spends about 1,700 AU$ on gambling in any Aussie casino every year. It is one of the first states where, in 2001, after the adoption of legislation, gambling activities began to receive appropriate attention. https://onlinecasinoaussie.com/ specialists offer you to get acquainted with the peculiarities of obtaining a gambling license in Australia.
Aussie gambling laws
As in any other civilized country, gambling in AU is totally legal. However, there are quite strict rules. Australia has one of the strictest codes of laws and regulations regarding gambling. The government has developed fairly severe laws to protect the citizens’ rights and replenish the budget through taxes from gambling activities.
The government adopted the Interactive Gambling Act, which regulates gambling in Australia, in 2001. The law is focused on online gambling operators. Winnings are not taxed, as this is not considered a professional activity but entertainment. The government interprets a win not as a profit but as a player’s luck since if a punter wins this time, the player will most likely lose next time. Access to online gambling, including mobile online casinos in Australia, is easily reached. Companies based in Australia may offer their services in other countries.
What are the gambling taxes in Australia?
Taxes imposed on gambling operators depend on the state in which a gambling house is registered. OnlineCasinoAussie recalls that the income the state receives from gambling taxes is about 15% of the budget.
The following taxes are applied in the country:
- Sales tax. This tax is levied on such gambling types as sweepstakes, lottery tickets, betting, etc.
- Player loss tax. These are such activities as sports betting and casino games.
- Net income tax. Income earned from online poker is taxed, as well as investment sweepstakes.
- License payments. This tax applies to lotteries, casinos, and betting.
Key features of obtaining an Aussie gambling license
An essential nuance that entrepreneurs who want to order a gambling license in Australia should pay attention to is the presence of several regulators responsible for controlling gambling activities in various states of the country. Each of these regulators has the right to put forward its requirements for licensing gambling:
- Cooperation with law enforcement agencies.
- Hiring exclusively qualified personnel with sufficient experience in gambling.
- Compliance with AML/CFT policies.
- Compliance with the requirements for confidentiality and protection of gamblers’ info.
- Ensuring the security of all financial transactions.
Specialists emphasize the fact that by applying for a gambling license in Australia, you will not have the right to advertise online games, including mobile online casinos in Australia. If the casino owner breaks this rule, they will be permanently deprived of a gambling license and heavily fined.
Acquiring a gambling license in Australia is an attractive option for starting a new business. However, the creators of https://onlinecasinoaussie.com/golden-crown-casino/ remind you of the fact that the licensing process itself is not as simple and quick as it might seem at first glance. The solution to such a dilemma requires serious preparation and the involvement of qualified specialists.