In June 1995, the New South Wales Government ‘announced its intention to corporatise New South Wales Lotteries’.(1)
On 1 January 1997, the New South Wales Lotteries Corporation was established as a State Owned Corporation by the New South Wales Lotteries Corporatisation Act 1996 (No. 85, 1996).(2) The Corporation replaced NSW Lotteries. The functions of the Corporation are:
(a) to develop, promote, conduct and otherwise participate in any lawful forms of gambling and gambling related activity; and
(b) to hold licences, and conduct the public lotteries for which it holds those licences, in accordance with the requirements of the Public Lotteries Act 1996 (Act No. 86, 1996).
The Corporation conducts the following games:
- Lotto Strike
- OZ Lotto
- Instant Scratchies
- Lucky Lotteries
- $2 and $5 Jackpot Lotteries
- Lucky 7
- 6 from 38 Pools
The NSW Lotteries Corporation, in accordance with the State Owned Corporations Act 1989, has a Portfolio Minister responsible for managing the regulatory framework covering lottery games, and Shareholder Ministers who hold shares on behalf of the Government and oversee the commercial performance of the Corporation. On 1 January 1997, the Minister for Gaming and Racing, the Hon J. Richard Face, was appointed Portfolio Minister. The Treasurer, the Hon Michael Egan, and the Minister for Urban Affairs and Planning and Minister for Housing, the Hon Craig Knowles, were appointed Shareholder Ministers for the Corporation.(3)
The underlying objective of corporatisation is to ‘enable NSW Lotteries to operate in an environment as close as is possible to private sector organisations. This means the organisation will have the commercial ability to explore and maximise opportunities in the market, and will be structured as closely as possible to the private sector model of management to optimise its business potential.’ (4) As a result, changes were made to the financial reporting systems and financial management processes. (5)
The Public Lotteries Act (No. 86, 1996) consolidated the law relating to the conduct of public lotteries, repealing the Soccer Football Pools Act 1975, the Lotto Act 1979, and the New South Wales Lotteries Act 1990. The Public Lotteries Act 1996 makes provision for the proper conduct of public lotteries in the public interest and minimises the harm associated with the lotteries. The Act resulted in fixed term licences for all of the Corporation’s games and are due to expire on 1 July 2007. (6) The licences are contestable after this date.
The New South Wales Lotteries Corporation ceased to be a statutory State owned corporation under the NSW Lotteries (Authorised Transaction) Act 2009 (Act No.60, 2009). (7) The operation of the Corporation was privatised and taken over by Tatts. (8)
1. Annual Report of New South Wales Lotteries, year ended 30 June 1996, p. 36.
2. Proclaimed 1 January 1997, New South Wales Government Gazette, 27 December 1996, p. 8701.
3. New South Wales Lotteries Annual Report for the year ended 30 June 1997, p. 8.
4. New South Wales Lotteries, Annual Report year ended 30 June 1996, p. 36.
5. New South Wales Lotteries, Annual Report year ended 30 June 1997, p. 35.
6. ibid. p. 14.
7. NSW Lotteries (Authorised Transaction) Act 2009 (Act No.60, 2009), Commencement Proclamation 92010 No 127) notified on NSW Legislation Website, 23 April 2010.
8. Superannuation Amendment (Tatts Employment Co (NSW) Pty Ltd) Order 2010 (2010 No 133) notified on NSW Legislation Website, 23 April 2010.