You will require this licence if you intend to conduct wagering and approved betting competitions in Victoria.
Only one wagering and betting licence may operate at any one time and the licences are not transferable to any other person.
From August 2012, a single twelve year wagering and Betting licence was granted to Tabcorp Wagering (Vic) Pty Ltd.
A temporary licence may be granted to another applicant in the event that the existing licence is surrendered or cancelled.
The holder of the Wagering and Betting Licence may appoint a Victorian company that is a wholly-owned subsidiary as the operator of the licence.