{"id":777014544,"date":"2024-04-08T09:19:18","date_gmt":"2024-04-08T12:19:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014544"},"modified":"2026-04-22T11:23:14","modified_gmt":"2026-04-22T14:23:14","slug":"vgccc-implements-new-rules-for-wagering-account-statements","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vgccc-implements-new-rules-for-wagering-account-statements","title":{"rendered":"VGCCC implements new rules for wagering account statements"},"content":{"rendered":"\n<p>The measure aims to make monthly statements clearer for players. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- The <strong>Victorian Gambling and Casino Control Commission (VGCCC)<\/strong> has introduced new standards for how activity statements should be presented to wagering account holders. The new standards require providers to use plain English and avoid unnecessary vocabulary. The use of colours is limited to black and red to represent losses.<\/p>\n\n\n\n<p>The VGCCC took the measure after finding inconsistencies in the way information was displayed on sample activity statements across different providers.\u00a0Account holders must be able to see\u00a0how much of their own money they have lost, with free and bonus bets excluded from the net loss figures. Net wins must be shown with stakes deducted. The gambling harm taglines that appear at the end of wagering ads must be displayed on each statement.<\/p>\n\n\n\n<p>The new standards came into force on April 1. Failure to comply could result in a penalty of 60 penalty units, equivalent to AU$11,538.60 for each non-compliant activity statement issued.<\/p>\n\n\n\n<p>VGCCC CEO&nbsp;<strong>Annette Kimmitt AM<\/strong>&nbsp;said: \u201cThe days of inconsistent player activity statements are over. Wagering account holders will be better informed about their spending \u2013 and therefore better equipped to make informed decisions about their gambling \u2013 thanks to the clarity and fairness these changes bring.&#8221;<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/vgccc-fines-mintbet-for-breaching-responsible-gambling-code\" target=\"_blank\" rel=\"noreferrer noopener\">VGCCC fines MintBet for breaching responsible gambling code<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The measure aims to make monthly statements clearer for players.<\/p>\n","protected":false},"author":176,"featured_media":777004926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Victorian Gambling and Casino Control Commission (VGCCC) has introduced new standards for player activity statements in Australia, effective April 1. These regulations mandate plain English, specific colour usage, clear display of net losses (excluding bonus bets), and inclusion of harm minimisation taglines to enhance player understanding and responsible gambling. Non-compliance carries a penalty of AU$11,538.60 per statement.","focusai_entities":"Victorian Gambling and Casino Control Commission, VGCCC, Annette Kimmitt AM","focusai_location":"Australia, Victoria","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), product_ux (0.8), tech_data (0.8), marketing_crm (0.7), investor_analyst (0.7), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Operator Compliance Costs","query":"What is the estimated aggregate cost for major wagering operators in Victoria to implement the necessary system and process changes to comply with the VGCCC's new activity statement standards?"},{"label":"Regulatory Harmonization Impact","query":"How might these specific Victorian regulatory standards for player activity statements influence or accelerate similar responsible gambling disclosure requirements in other Australian states or international jurisdictions?"}],"footnotes":""},"categories":[16336,156,158],"tags":[24153],"class_list":["post-777014544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","category-slider-home","tag-victorian-gambling-and-casino-control-commission"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014544"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014544\/revisions"}],"predecessor-version":[{"id":777014547,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014544\/revisions\/777014547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777004926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}