Australian Capital Territory Gaming Licence
- Rigid gambling requirements
- $200,000 licence cost
- 5-15% Gross profit tax rate
- Thorough compliance testing
- Non-standardised licence validity period
In comparison to Northern Australia’s gambling jurisdiction, its Capital Territory has stricter requirements for conducting an online business.
The most outstanding example is the possibility to be imprisoned for two years for not following the requirements.
If one plans to offer bets to local residents, it is a prerequisite to buy an Australian Capital Territory (ACT) licence. Otherwise, one should consider to buy Northern gambling licence. Moreover, the Interactive Gambling Act of 1998 prohibits to offer non-Australian services to residents of the country.
A licence may be obtained to conduct sports betting, race betting and lotteries. The validity period is determined on a case-by-case basis. $200,000 must be paid upfront to obtain a licence, and $100,000 is an annual fee.
Besides, the Gross profit tax has to be paid: 5% – 15%, depending on the gross profit.
Another crucial point concerning software compliance testing is that any purchased software must be approved before its usage. Additional charges may be applied for testing.
On the whole, Capital Territory has certain peculiarities and is different as from Northern Territory as from other countries.