sec.136Limitation on amount wagered

sec.136 Limitation on amount wagered

A registered player may, by written notice to a licensed provider, set a limit on the amount the player may wager. The player might set a limit in relation to a particular game the player is about to play. The player might set a limit by reference to a stated maximum for all games conducted by the licensed provider over a stated period (e.g. a limit of $100 over 1 month). The player might set the limit at zero thus effectively preventing himself or herself from engaging in authorised games conducted by the licensed provider until the limit is relaxed or removed. A player who has set a limit under this section may change or revoke the limit by written notice given to the licensed provider. A notice increasing or revoking the limit does not have effect unless— 7 days have passed since the provider received the notice; and the player has not notified the provider of an intention to withdraw the notice. A notice reducing the limit has effect on its receipt by the licensed provider. A licensed provider must not accept a wager from a player contrary to a limit set for the player under this section. Maximum penalty for subsection (5) —100 penalty units. (sec.136-ssec.1) A registered player may, by written notice to a licensed provider, set a limit on the amount the player may wager. The player might set a limit in relation to a particular game the player is about to play. The player might set a limit by reference to a stated maximum for all games conducted by the licensed provider over a stated period (e.g. a limit of $100 over 1 month). The player might set the limit at zero thus effectively preventing himself or herself from engaging in authorised games conducted by the licensed provider until the limit is relaxed or removed. (sec.136-ssec.2) A player who has set a limit under this section may change or revoke the limit by written notice given to the licensed provider. (sec.136-ssec.3) A notice increasing or revoking the limit does not have effect unless— 7 days have passed since the provider received the notice; and the player has not notified the provider of an intention to withdraw the notice. (sec.136-ssec.4) A notice reducing the limit has effect on its receipt by the licensed provider. (sec.136-ssec.5) A licensed provider must not accept a wager from a player contrary to a limit set for the player under this section. Maximum penalty for subsection (5) —100 penalty units.

• 1 The player might set a limit in relation to a particular game the player is about to play.
• 2 The player might set a limit by reference to a stated maximum for all games conducted by the licensed provider over a stated period (e.g. a limit of $100 over 1 month).
• 3 The player might set the limit at zero thus effectively preventing himself or herself from engaging in authorised games conducted by the licensed provider until the limit is relaxed or removed.