Nick Xenophon (SA, Nick Xenophon Team) Share this | Hansard source

I indicate very briefly that I and my colleague strongly support these amendments. If the government does not support them, I genuinely suggest Senator Hanson put up a private senator's bill. I would co-sponsor it. The sooner we get onto it, the better. We need to bring this to a head. This is a loophole under current laws. It is beyond me that the Northern Territory regulator actually allows this to be licensed. I believe it is a sneaky and tricky form of gambling that effectively allows more people to get sucked in or roped in and become gambling addicts, because this service promises huge returns, but the odds are even huger. I think it is very problematic in terms of it being offered as a service. It also has a real impact on state-based lotteries. Whatever problems you have with those, at least you know that the revenue is staying here in the Commonwealth rather than going off overseas.