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Question: Australian Online Gaming Legislations

SunnyS

SunnyS

Old Alpha
Joined
Jun 27, 2007
Posts
942
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Surfers Paradise , Australia.
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Avatar Name
Sunny 'SunG' Day
Hi All Aussie Players,

Does anyone know how the new Australian Online Gaming Legislation is going to affect EU ... or if it would? All poker sites, online casinos etc have been affected ... just wanted to make sure EU won't be since it has real cash transactions to and from Australia.

Anyone have any info?

Thanks
Sunny
 
EU isn't gambling. Return is 100% TT+ if you know what you're doing

That doesn't prevent addicted loser gamblers from playing EU
 
Immortal said:
EU isn't gambling. Return is 100% TT+ if you know what you're doing

That doesn't prevent addicted loser gamblers from playing EU
Click to expand...

Doesnt answer my question ...
 
It's in the first bit.. EU is not gambling.
 
Immortal said:
EU isn't gambling. Return is 100% TT+ if you know what you're doing

That doesn't prevent addicted loser gamblers from playing EU
Click to expand...

Poker is "100% TT+ if you know what you're doing", and yet poker operators are subject to massive fines if they operate in Aus.

To answer the original question, AFAIK EU is not affected, and if it becomes so, the penalties of operating will be imposed on MA - who if required to shut your account, will be bound by the EULA to give you your TT value back.
 
Good question SunnyS.

My take is the game and participation itself will not be classified as gambling (as pointed out by EULA and others), but any withdrawal may be subject to capital gains tax if the classification of withdrawing from EU in is deemed to be the act of liquidating (or realising) an asset.

By not classifying it as a 'luck' based regulated Lotto system (where winnings are not subject to income or capital gains taxes in Australia, but are in the US), the government will sting you with income tax (if you are a pro gamer) or capital gains tax (asset based) if over as certain value.

This happened with legislation surrounding crypto currencies in Australia. A few years ago Bitcoin was classed as an asset by the ATO. Not sure if it still holds to this day.

:twocents:

Chaz.
 
Chazlow said:
Good question SunnyS.

My take is the game and participation itself will not be classified as gambling (as pointed out by EULA and others), but any withdrawal may be subject to capital gains tax if the classification of withdrawing from EU in is deemed to be the act of liquidating (or realising) an asset.

By not classifying it as a 'luck' based regulated Lotto system (where winnings are not subject to income or capital gains taxes in Australia, but are in the US), the government will sting you with income tax (if you are a pro gamer) or capital gains tax (asset based) if over as certain value.

This happened with legislation surrounding crypto currencies in Australia. A few years ago Bitcoin was classed as an asset by the ATO. Not sure if it still holds to this day.

:twocents:

Chaz.
Click to expand...

Thanks for the well-explained answer mate. It's all very confusing due to the real cash exchange part. Cheers!


Aio said:
Poker is "100% TT+ if you know what you're doing", and yet poker operators are subject to massive fines if they operate in Aus.

To answer the original question, AFAIK EU is not affected, and if it becomes so, the penalties of operating will be imposed on MA - who if required to shut your account, will be bound by the EULA to give you your TT value back.
Click to expand...

Thanks.


Immortal said:
Your question is invalid.

You might as well be asking what language planets talk.
Click to expand...

:lolup:There are smart people here who understood the question ... thanks for trying :)
 
I don't see any reason to classify this piece of entertainment as gambling.
 
Guess I struck a nerve with the loser gambler comment

Crafting: Total Loot: 1 098 444 PED

I bet (sic) that's also total losses.

An looks like you only use oa-109s

I think Baby Henry and you should have a baby.:baby: Call it Gamblor. Then it can come on here and complain for the both of you.

I should be thanking you though. It's people like you who allow me to profit on TT and MU. So please, keep asking your dumb questions. Keep depositing.:cheer:

You TT'd all this?
Code: 
	Zinc Stone	275 PED	Sat, 15 Jul 2017 09:57:12
	Iron Stone	270 PED	Sat, 15 Jul 2017 09:47:44
	Caldorite Stone	225 PED	Sat, 15 Jul 2017 08:06:10
	Ganganite Stone	199 PED	Sat, 15 Jul 2017 08:03:29
	Ganganite Stone	141 PED	Sat, 15 Jul 2017 08:00:28
	Lysterium Stone	246 PED	Sat, 15 Jul 2017 08:00:03
	Iron Stone	216 PED	Fri, 14 Jul 2017 17:35:35
	Iron Stone	260 PED	Fri, 14 Jul 2017 17:34:10
	Iron Stone	247 PED	Fri, 14 Jul 2017 17:29:00
	Kirtz Stone	280 PED	Fri, 14 Jul 2017 17:28:03
	Blausariam Stone	264 PED	Fri, 14 Jul 2017 16:01:21
	Blausariam Stone	327 PED	Fri, 14 Jul 2017 15:55:29
	Lysterium Stone	307 PED	Fri, 14 Jul 2017 15:49:47
	Iron Stone	337 PED	Fri, 14 Jul 2017 15:18:41
	Caldorite Stone	209 PED	Fri, 14 Jul 2017 15:05:56
	Ganganite Stone	321 PED	Fri, 14 Jul 2017 15:04:50
	Ganganite Stone	333 PED	Fri, 14 Jul 2017 15:03:30
	Ganganite Stone	455 PED	Fri, 14 Jul 2017 15:03:04
	Caldorite Stone	351 PED	Fri, 14 Jul 2017 15:00:52
	Caldorite Stone	331 PED	Fri, 14 Jul 2017 14:58:14

To craft this?
Code: 
	Explosive Projectiles	153 PED	Sat, 22 Jul 2017 08:43:47
 	Explosive Projectiles	164 PED	Mon, 17 Jul 2017 05:35:19
 	Explosive Projectiles	193 PED	Mon, 17 Jul 2017 05:31:56
 	Explosive Projectiles	161 PED	Mon, 17 Jul 2017 05:26:05
 	Explosive Projectiles	162 PED	Mon, 17 Jul 2017 05:25:43
 	Explosive Projectiles	250 PED	Mon, 17 Jul 2017 05:24:19
 	Explosive Projectiles	164 PED	Mon, 17 Jul 2017 05:24:05
 	Explosive Projectiles	150 PED	Sat, 15 Jul 2017 12:30:46
 	Explosive Projectiles	161 PED	Sat, 15 Jul 2017 12:21:24
 	Explosive Projectiles	150 PED	Sat, 15 Jul 2017 12:19:51
 	Explosive Projectiles	290 PED	Sat, 15 Jul 2017 12:17:39
 	Explosive Projectiles	161 PED	Sat, 15 Jul 2017 10:47:44
 	Explosive Projectiles	158 PED	Sat, 15 Jul 2017 10:41:58
 	Explosive Projectiles	161 PED	Sat, 15 Jul 2017 07:51:08
 	Explosive Projectiles	158 PED	Sat, 15 Jul 2017 07:36:29
 	Explosive Projectiles	157 PED	Sat, 15 Jul 2017 07:32:56
 	Explosive Projectiles	164 PED	Sat, 15 Jul 2017 07:32:29
 	Explosive Projectiles	161 PED	Sat, 15 Jul 2017 07:30:20
 	Explosive Projectiles	150 PED	Sat, 15 Jul 2017 07:24:16
 	Explosive Projectiles	158 PED	Sat, 15 Jul 2017 07:21:32
 
Immortal said:
Guess I struck a nerve with the loser gambler comment

Crafting: Total Loot: 1 098 444 PED

I bet (sic) that's also total losses.

An looks like you only use oa-109s

etc
Click to expand...

FYI, that's not how you use (sic).
 
SunnyS said:
Hi All Aussie Players,

Does anyone know how the new Australian Online Gaming Legislation is going to affect EU ... or if it would? All poker sites, online casinos etc have been affected ... just wanted to make sure EU won't be since it has real cash transactions to and from Australia.

Anyone have any info?

Thanks
Sunny
Click to expand...

Primarily a matter of perspective. Most countries have not classified what EU is. For Sweden it is easy. It brings $'s inside the country. So they will care least about the review process unless there is a huge hue and cry made by the citizens. The biggest reason why countries ban casinos etc is loss of $'s from there citizens with huge variances or due to loss of control in terms of validity of the institution ( biased software, corrupt management etc)

IMO, if enough citizens of the country band together and put a report on EU as it is, it will be banned across not just Australia but US and a few other countries as well. Since this is the only game of its kind, the country would need a big enough reason to allocate resource for this purpose.

Some excerpts from the Australian bill in question

" Financial Counselling Australia stated that ‘from a harm minimisation perspective, the most
appropriate option is to ban in play betting, online casinos, fantasy games,
and other emerging forms of online gambling"

"definition of gambling service refers to a service for the conduct of a game of chance, or mixed chance and skill, played for money or any thing else of value, where a customer of the service agrees to give consideration to play or enter the game."

PS : The above is not what i want and i will be one of the biggest losers if it were to happen but it is the honest truth nonetheless imo. :)
 
Divinity said:
Primarily a matter of perspective. Most countries have not classified what EU is. For Sweden it is easy. It brings $'s inside the country. So they will care least about the review process unless there is a huge hue and cry made by the citizens. The biggest reason why countries ban casinos etc is loss of $'s from there citizens with huge variances or due to loss of control in terms of validity of the institution ( biased software, corrupt management etc)

IMO, if enough citizens of the country band together and put a report on EU as it is, it will be banned across not just Australia but US and a few other countries as well. Since this is the only game of its kind, the country would need a big enough reason to allocate resource for this purpose.

Some excerpts from the Australian bill in question

" Financial Counselling Australia stated that ‘from a harm minimisation perspective, the most
appropriate option is to ban in play betting, online casinos, fantasy games,
and other emerging forms of online gambling"

"definition of gambling service refers to a service for the conduct of a game of chance, or mixed chance and skill, played for money or any thing else of value, where a customer of the service agrees to give consideration to play or enter the game."

PS : The above is not what i want and i will be one of the biggest losers if it were to happen but it is the honest truth nonetheless imo. :)
Click to expand...

I'm seeing the game as a type of "Tell-tale(tm)" choice and consequences game where the destination has already been pre-determined ie 95% return, it just depends on how fast each avatar gets there.
 
Aio said:
FYI, that's not how you use (sic).
Click to expand...

lol ... don't feed the troll. Just let him get his frustrations IRL out lol ... I am not phased.
 
Divinity said:
Some excerpts from the Australian bill in question

" Financial Counselling Australia stated that ‘from a harm minimisation perspective, the most
appropriate option is to ban in play betting, online casinos, fantasy games,
and other emerging forms of online gambling"

"definition of gambling service refers to a service for the conduct of a game of chance, or mixed chance and skill, played for money or any thing else of value, where a customer of the service agrees to give consideration to play or enter the game."

PS : The above is not what i want and i will be one of the biggest losers if it were to happen but it is the honest truth nonetheless imo. :)
Click to expand...

Thank you ... this is the bit I was concerned about and wouldn't want it to affect us.
 
R4tt3xx said:
I'm seeing the game as a type of "Tell-tale(tm)" choice and consequences game where the destination has already been pre-determined ie 95% return, it just depends on how fast each avatar gets there.
Click to expand...

Thanks for your input. What we are trying to decipher is, how does the Australian Law see EU after a certain bill was passed because it has many parts to it. It is not clearly just Casinos or Gambling sites as there are some broad descriptions like 'exchange of real cash' even if it is for pure entertainment where you have the option to withdraw it back. So it is a bit more complex than just calling EU a gambling site or not.
 
Aio said:
Urban Dictionary :laugh::laugh::laugh::laugh:

http://www.oxfordlearnersdictionaries.com/definition/english/sic_1

It has only one use, it's latin for thus, and it's to signify you are copying an error (i.e. as thus).

You can't use it as you did. As I said, it was just an FYI :girl:
Click to expand...

I'll remind you of your quote

Aio said:
FYI, that's not how you use (sic).
Click to expand...

It's exactly how I use (sic)

It was for your information, not for your validation.

Here is another case example so you can understand the context


https://en.wikipedia.org/wiki/Sic


"Ironic use" of sic
Occasionally a writer places [sic] after his or her own words, to indicate that the language has been chosen deliberately for special effect, especially where the writer's ironic meaning may otherwise be unclear.



And just if it wasn't clear why my use of (sic) using the above context was appropriate, I was outlining that Sung has a gambling problem and should seek help. You can see that whenver anyone mentiuons this too him, he makes excuses why it must be their fault (i.e. he incorrectly labels me a troll, when I am clearly using proactive (sic) antagonist irony)


Ping pong said:
lol ... don't feed the troll. Just let him get his frustrations IRL out lol ... I am not phased.
Click to expand...

I wasn't trolling. I seriously do thank you for lining my pockets while severely diminishing your own. I just hope you didn't rob your parents in order to pay for your frankly irresponsible habit. Though I'm fairly certain that $100k debt is a c/card debt. Unfortunately I know too many people like you (3 in total, it's too many) who can't handle basic financial responsibility.

How long till you are blacklisted for bankruptcy? :)

Please seek help for your gambling habit.
 
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