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ACCC- Issues

  1. 30 Posts.
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    Yes I think you are on to something. The ABC report was very skewed in that the reporter clearly did not understand the NT licensing issues, not the fact that the 65% tax is BS. Lottery legislation in Australia across all states is relatively similar (i.e. 60% return to player, State lottery tax 33-35%, the balance is Operating margin that included the News agent fees and GST etc. The public good argument is also very tainted as with the exception of WA (which is still government owned and operated) the other states are rum by Tatts. Does governments create public good assets with Lottery funds? Excluding WA, I suggest the lottery tax goes into consolidated revenue!! Long gone are the days of lotteries linking the financial outcomes to causes like the Opera House etc.

    The ACU model does attempt to link a funding mechanism to sport and charity needs!!

    Finally the ABC reports bow was very stretched attempting to link gambling related suicide to lottery play. the Productivity Commission reports into problem gamblers affecting less than 1% of players are not Lottery players. In fact the report suggest it is the most benign form of gambling on offer.

    SO the ABC funded reporter was not wisely using some of the consolidated revenue funds to report such a emotive, biased and self seeking report on LottoLand. I say bring it on and the issue will be Governments supporting a monopoly and not allowing free market forces to innovate.

    IMO!!
 
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