Australia’s Victorian Gambling and Casino Control Commission (VGCCC) has announced new standards that improve the clarity of customers’ gambling activity statements.
VGCCC Introduces New Standards for Gambling Activity StatementsAs a result of the changes, statements must now:
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VGCCC Introduces New Standards for Gambling Activity Statements
- Exclude bonus bets from net loss figures
- Display accurate net wins VGCCC Introduces New Standards for Gambling Activity Statements
- Avoid jargon
- Use only black and red colors (red for losses)
- Include gambling harm taglines
The deadline for implementation of the new standards was April 1st 2024. The original deadline was for December 1st 2023, but this was extended to March 31st. Failure to comply will result in a penalty of 60 penalty units, equivalent to $11,538.60 for each activity statement issued that breaches standards.
The VGCCC shared samples of the new statements:
VGCCC CEO Annette Kimmitt AM said:
VGCCC Introduces New Standards for Gambling Activity Statements
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.