The gambling industry involves a level of risk for all
participants. Generally, the focus is on the risk faced by
customers. However, risk also exists for management and executives
of gambling companies. Gambling businesses deal with customers,
some of whom suffer significant losses and feel aggrieved as a
result. This occasionally gives rise to threats of violence against
the directors, senior officers and employees of the business, and
While the Corporations Act 2001 (Cth)
(Act) requires each company director to disclose
their actual place of residence on the public databases, there is
provision under the Act for a company to make an application to
keep private the residential address of their directors. Similar
procedures exist in other countries, such as the United
The Australian Securities & Investments Commission
(ASIC), the Australian companies regulator,
appreciates the particular safety risks to which directors of
certain businesses (and their families) can be exposed. Addisons
has recently made an application successfully to suppress the
residential addresses of directors of an overseas gambling
operator. This application was made on the basis that making
available the directors' residential addresses publicly would
place the personal safety of those directors (and members of their
families) at risk.
Where an application for suppression of residential address is
granted, ASIC will manually remove all references to the
relevant director's residential address on its records (which
may involve companies outside the gambling sector) and replace it
with an alternative address nominated by that director.
If you would like further information about this procedure,
including how an application for suppression of residential address
can be made to ASIC, please contact us.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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