NZ Gambling Act 2003
Understanding the application and importance of the 2003 NZ Gambling Act is important for all gamblers. It's the due diligence that ensures any site you play on adheres to laws with the New Zealand Gambling Act 2003. CasinoDeps.co.nz brings you the essential points that are relevant to casino players.
In February 2002, the government of New Zealand introduced the Gambling Bill which was given Royal assent on 18th September 2003. The Bill was introduced to parliament on 19th February as the Responsible Gambling Bill. It was referred to New Zealand’s Government Administration Select Committee, and public submissions were closed on 2nd April 2002. On 12th August 2003 it was renamed the Gambling Bill.
Purpose of the Gambling Act 2003
New Zealand Gambling act went into effect and has been a law since September 18th, 2003. There is a list of purposes for its existence. Starting with controlling the growth of gambling, facilitating responsibility in gambling, and preventing the harm caused by gambling. It also ensures integrity and fairness, limits crime, dishonesty and authorizes certain types of gambling. Gambling is handled so that it can benefit the community and increase community involvement in gambling laws provisions. The Gambling Act 2003 also dictates who, when and where gambling is allowed.
- Legal Regulation of the Gambling Industry
- Preventing and Minimizing Gambling Harm
- Promoting Responsible Gambling
- Ensuring Fairness of Gambling Games
Classes of Gambling in New Zealand
There are four classes found within the Gambling Act 2003. Gambling is classified by a few aspects, such as problem gambling risks and monetary values. The classes begin from class 1, which represents gambling with much lesser risks, all the way to class 4 gambling, which means games with the highest risk and turnovers. The New Zealand Lotteries commission run casinos and lotteries do not operate under the same gambling classes as found in the 2003 act. They are treated as separate classes within the Gambling Act.
Class 1 Gambling
Class 2 Gambling
Class 3 Gambling
Class 4 Gambling
Prohibited Types of Gambling
All gambling is illegal in New Zealand unless approved by the New Zealand Gambling Act 2003. However, a few types of gambling activities and games are undeniably prohibited by this Act. The Gambling Act 2003 defines four classes of gambling, three of which have expressed a maximum monetary value for prizes and turnovers. They also identify which licenses are required or not and who can conduct the activity. Any gambling activity that does not meet anyone’s requirements of the classes is deemed illegal.
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Is Gambling Act 2003 fair enough?
Yes, the New Zealand Gambling Act 2003 is considered fair. Additionally, the New Zealand government plans to review it further and do so over the years. As a result, most provisions were decided upon in 2004. The Act intends to maintain fairness, honesty and transparency in gambling in a way that benefits the community.
How does Gambling Act affect the prevention and minimization of harm from gambling?
The New Zealand Gambling Act 2003 has caused positive effects and minimized the dangers and risks of gambling. It manages to prevent criminal activity tied to gambling by limiting prizes, requiring and providing licensing and identifying lawful gambling from problem gambling.For example, it sets age limits on certain types of gambling.