Cheque limits

Overview


Red tape issue

Gaming venue operators must issue cheques for people wishing to cash out winnings of $1000 or more. This is a harm minimisation measure as it designed to prevent those people having immediate access to those winnings while they are still in the gaming venue. It appears that gaming machine players who receive cheques may sometimes be targeted by informal money exchangers who offer cash in exchange for cheques, with up to a 20 per cent commission. Some concerns have been raised about this practice. It may raise money laundering risks.

Current status

The Victorian Government has committed to examining existing harm minimisation measures for gaming machines alongside the Gaming Machine Arrangements Review which is considering post-2022 regulatory arrangements for gaming machines. Access to cash in gaming venues, including via cheque, will be considered.

The Responsible Gambling Ministerial Advisory Council is looking at the issue of cheque cashing services operating near gaming venues and options to address the issue.