IMPORTANT NOTICE: A Declared State of Emergency is currently in place across Victoria. For more information, see: COVID-19 information for licensees
This page includes information about financial institutions and their and financing venue operators to be listed on the Roll.
The VCGLR approves applicants to be included on the Roll of Manufacturers, Suppliers and Testers (the Roll).
In Victoria, it is not a requirement for a financier that provides finance to a venue operator, to be listed on the Roll.
Financiers are able to provide financial loans to venue operators for the purchase of a gaming machine and to register a security against the gaming machine. This can be done as long as the financiers does not own the gaming machine, and is not supplying it to the venue operator.
If the venue operator fails to make payment on a financial loan, the financier may want to take possession of the gaming machine(s) and sell it in Victoria. A financier can only do this legally if:
The financier is considered to be the owner of the gaming machines if they enter into a hire purchase or lease arrangement with a venue operator. Until the financial loan is repaid, the investor is considered as the gaming machine supplier.
Should the venue operator be unable to make payment of the loan, the VCGLR may be requested to change the name of the venue operator. This can be done by the official receiver, trustee or assignee of the venue operator who becomes bankrupt or by a person externally administering a venue operator.
Under the Gambling Regulation Act 2003, financiers and venue operators must not enter into, or be part of a prohibited venue agreement.
A prohibited venue agreement is an arrangement or understanding between a venue operator and another person under which the venue operator provides a specific amount from gaming machine revenue earned by the venue operator.