South Australian Consolidated Acts South Australian Consolidated Acts65—Unauthorised betting exchange prohibited
(1) A person must not
establish or conduct a betting exchange.
Maximum penalty: $20 000 or imprisonment for 1 year.
(2) For the purposes
of subsection (1), and without limiting the effect of that subsection, a
person will be taken to conduct a betting exchange in South Australia if the
person allows a person in South Australia to make a bet by means of the
betting exchange.
(3) A person must not
make a bet, or take action for the purpose of making a bet, through the use of
a betting exchange.
Maximum penalty: $5 000 or imprisonment for 6 months.
(4) In this
section—
"betting exchange" means a facility, electronic or otherwise, designed to
provide a mechanism through which—
(a)
offers to make bets are regularly made and accepted; or
(b)
offers or invitations to make bets are regularly made that are intended to
result, or may reasonably be expected to result, directly or indirectly, in
the acceptance of the offers or invitations,
but does not include a facility involved in the activities of a bookmaker or
the conduct of totalisator betting.